Most importantly, the Government is proposing to make employer-subsidised public transport exempt from Fringe Benefit Tax (FBT). “We can help to achieve a more neutral FBT outcome by including the option of the more environmentally-friendly mode of public transport. People have been buying utes and claiming an FBT exemption since they’re ‘work-related vehicles’. Given the political challenges of trying to do that again, at least levelling the playing field a little by removing FBT from public transport has considered the easiest option. So the effect of an FBT exemption will be small but it is a step towards a level playing field, with some symbolic value, and it should be encouraged.

Source: Stuff August 31, 2022 00:03 UTC