Overdue FBT exemption

The Feds used to slug business with Fringe Benefit Tax on re-training for workers who moved to new roles with their existing employer, not any longer

The example the government uses is a sales person who does a web design course so they can sell on-line.

It’s way short of the old FBT arguments, that people should have to pay tax on their yachts, even if they did a course on chart-reading.

Troy Williams from Independent Tertiary Education Council Australia says the change is “great news.” The existing application of FBT is, “an unnecessary tax on workforce development.”