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Category: Taxation

Contractor Engagement Process – updated assessment tool and contractor questionnaire

The Contractor Questionnaire and Contractor Assessment Tool have been updated, so please ensure you are using the latest versions. The additional information on the Questionnaire means the process to set up the Contractor in the Finance System will be more streamlined. If you have any questions in relation to engaging Contractors, please contact Finance & […]

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Staff claiming motor vehicle allowance – new process via SSO

There is a new process for staff claiming an allowance for the use of their own private motor vehicle whilst on University business. Staff need to complete a Travel Log and submit via SSO, this will then workflow to their Manager/Supervisor for approval. Further information Refer to the quick reference guide on the new process […]

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Decrease to FBT Rate – 1 April 2017

Due to legislation changes, a number of Fringe Benefits Tax (“FBT”) rates have decreased with effect from 1 April 2017.  Salary packaging arrangements will also need to be re-evaluated to have effect from 1 April 2017 and possibly adjusted to account for the change in the salary packaging gross up rates. The rate change will […]

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Increase to FBT Rate – 1 April 2015

Due to legislation changes, a number of Fringe Benefits Tax (“FBT”) rates will increase with effect from 1 April 2015.  The information below summarises the rate increases for the 2016 FBT year (1 April 2015 – 31 March 2016). Rate Current FBT Rate Revised FBT Rate FBT Rate 47% 49% Type 1 Gross Up Rate 2.0802 2.1463 Type […]

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Staff changes to Taxation Support

Financial Services welcomes back Henrietta Shepherd (who has been away for 12 months) to her position of Senior Taxation Accountant within the Financial Accounting team. Henrietta can be contacted on extension x35727. In addition, we are pleased to advise Linda Chapman will be continuing with Financial Services in the position of Senior Taxation and Management […]

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FBT Presentations

During November and December 2014, the Senior Taxation Accountant visited each Faculty/Division to do a presentation on Fringe Benefits Tax. The presentation, which can be found on the Taxation webpage, provides a high level overview of Fringe Benefits Tax (“FBT”) legislation and the main fringe benefits provided by the University.  If you have any questions, please […]

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Process for Claiming Car Allowance for Use of Private Motor Vehicles – Non Staff (including Students)

As previously advised, there is a new process for claiming a Car Allowance to compensate for the use of private motor vehicles whilst on University business.  Effective Saturday 14th of June 2014, all payments to Staff will be processed through the Human Resources branch. A separate form has been developed specifically for non staff (including […]

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New Process for Claiming Car Allowance for Use of Private Motor Vehicles

Commencing this week, there is a new process for claiming a Car Allowance to compensate for the use of private motor vehicles whilst on University business. Car allowance payments have previously been processed through the Finance System. Effective Saturday 14th of June 2014, these payments will be processed through the Human Resources branch. From the […]

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Increase to FBT rate – 1 April 2014

Due to legislation changes, a number of Fringe Benefits Tax (“FBT”) rates will increase with effect from 1 April 2014.    The information below summarises the rate increases for the 2015 FBT year (1 April 2014 – 31 March 2015). Rate Current FBT Rate Revised FBT Rate FBT Rate 46.5% 47% Type 1 Gross Up Rate 2.0647 2.0802 […]

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Staff News – New Tax Accountant

Financial Services would like to welcome Ms Linda Chapman as the new Senior Tax Accountant.  Linda replaces Henrietta Shepherd who left to move interstate.   Her first weeks will be a busy learning curve as she becomes familiar with the University and your patience is very much appreciated.  You can contact Linda on extn 35872, or by email linda.chapman@adelaide.edu.au.

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