What are reportable fringe benefits?

If you receive certain fringe benefits with a total taxable value of more than $2000 in an FBT year (1 April to 31 March), your agency must report the grossed-up taxable value of the benefit on your payment summary for the corresponding income year (1 July to 30 June). This is your reportable fringe benefits amount. This amount is not included in your assessable income.