Checklist - What is taxable or exempt?
Remuneration item | Taxable or exempt |
---|---|
Accommodation | Taxability to be determined in accordance with the Fringe Benefits Tax Assessment Act 1986 (Cth) |
Accommodation allowances | Taxable under certain conditions |
Adoption leave (1 January 2003 onwards) | Exempt |
Agency-supplied staff | Taxable under certain conditions |
Allowances | Taxable under certain conditions |
Annual leave | Taxable |
Annual leave paid on termination | Taxable |
Apprentice wages (pre 1 January 2004) | Taxable under certain conditions |
Apprentice wages (1 January 2004 onwards) | Taxable |
Apprentice wages (approved GTOs) 1 Jan 2005 onwards | Exempt |
Back pay | Taxable |
Benefits | Taxability to be determined in accordance with the Fringe Benefits Tax Assessment Act 1986 (Cth) |
Board and quarters | Taxability to be determined in accordance with the Fringe Benefits Tax Assessment Act 1986 (Cth) |
Bona fide redundancy payments (tax-free component) | Exempt |
Bonuses | Taxable |
Car allowances | Taxable under certain conditions |
Car parking | Taxability to be determined in accordance with the Fringe Benefits Tax Assessment Act 1986 (Cth) |
Clothing allowances | Taxable |
Commissions | Taxable |
Consultants fees | Taxable under certain conditions |
Contractor payments | Taxable under certain conditions |
Credit cards | Taxability to be determined in accordance with the Fringe Benefits Tax Assessment Act 1986 (Cth) |
Debt waivers | Taxability to be determined in accordance with the Fringe Benefits Tax Assessment Act 1986 (Cth) |
Defence Force payments | Exempt |
Directors' fees | Taxable |
Dirt allowances | Taxable |
Discounted staff purchases | Taxability to be determined in accordance with the Fringe Benefits Tax Assessment Act 1986 (Cth) |
Education expenses | Taxability to be determined in accordance with the Fringe Benefits Tax Assessment Act 1986 (Cth) |
Employer-funded (pre-income tax) superannuation contributions | Taxable |
Employment agency personnel | Taxable under certain conditions |
Entertainment allowances | Taxable |
Footwear allowances | Taxable |
Fringe benefits | Taxability to be determined in accordance with the Fringe Benefits Tax Assessment Act 1986 (Cth) |
Gifts | Taxability to be determined in accordance with the Fringe Benefits Tax Assessment Act 1986 (Cth) |
Gross wages | Taxable |
Health insurance | Taxability to be determined in accordance with the Fringe Benefits Tax Assessment Act 1986 (Cth) |
Holiday pay | Taxable |
Housing | Taxability to be determined in accordance with the Fringe Benefits Tax Assessment Act 1986 (Cth) |
Jury services | Taxable |
Leave loading | Taxable |
Living away from home allowances | Taxability to be determined in accordance with the Fringe Benefits Tax Assessment Act 1986 (Cth) |
Loans (interest free or low interest) | Taxability to be determined in accordance with the Fringe Benefits Tax Assessment Act 1986 (Cth) |
Long service leave | Taxable |
Make up pay | Taxable |
Maternity leave (1 January 2003 onwards) | Exempt |
Meals | Taxability to be determined in accordance with the Fringe Benefits Tax Assessment Act 1986 (Cth) |
Meal allowances | Taxable |
Motor vehicles | Taxability to be determined in accordance with the Fringe Benefits Tax Assessment Act 1986 (Cth) |
Motor vehicle allowances | Taxable under certain conditions |
Options | Taxable under certain conditions |
Outworker payments | Taxable under certain conditions |
Overtime | Taxable |
Overtime meal allowances | Taxable |
Paternity leave | Taxable |
Pay in lieu of notice | Taxable |
Paid parental leave (funded by the Federal Government) | Exempt |
Piece-work payments | Taxable |
Prizes | Taxability to be determined in accordance with the Fringe Benefits Tax Assessment Act 1986 (Cth) |
Professional advice | Taxability to be determined in accordance with the Fringe Benefits Tax Assessment Act 1986 (Cth) |
Redundancy payments | Taxable under certain conditions |
Reimbursements (business expenses) | Taxability to be determined in accordance with the Fringe Benefits Tax Assessment Act 1986 (Cth) |
Relocation payments | Taxability to be determined in accordance with the Fringe Benefits Tax Assessment Act 1986 (Cth) |
Rental subsidy allowances | Taxable |
Representation allowances | Taxable |
School fees | Taxability to be determined in accordance with the Fringe Benefits Tax Assessment Act 1986 (Cth) |
Share schemes | Taxable |
Shift allowances | Taxable |
Sick pay | Taxable |
Site allowances | Taxable |
Staff discounts | Taxability to be determined in accordance with the Fringe Benefits Tax Assessment Act 1986 (Cth) |
Subcontractors | Taxable under certain conditions |
Subscriptions | Taxability to be determined in accordance with the Fringe Benefits Tax Assessment Act 1986 (Cth) |
Superannuation contributions (pre-income tax/employer) | Taxable |
Taxi fares | Taxability to be determined in accordance with the Fringe Benefits Tax Assessment Act 1986 (Cth) |
Telephone account payments | Taxability to be determined in accordance with the Fringe Benefits Tax Assessment Act 1986 (Cth) |
Termination payments | |
- Accrued annual leave and long service leave | Taxable |
- Employment termination payments | Taxable |
- Bona-fide redundancy payments (income tax free component) | Exempt |
- Bona-fide redundancy payments in excess of tax free component | Taxable |
Tool allowances | Taxable |
Trainee wages (pre-1 January 2004) | Taxable under certain conditions |
Trainee wages (1 January 2004 onwards) | Taxable |
Travel (free or subsidised) | Taxability to be determined in accordance with the Fringe Benefits Tax Assessment Act 1986 (Cth) |
Travel allowances | Taxable under certain conditions |
Uniform allowances | Taxable |
Vouchers | Taxability to be determined in accordance with the Fringe Benefits Tax Assessment Act 1986 (Cth) |
Workers compensation payments | Exempt |