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On July 1, 2000 the Australian Government introduced legislation to improve the equity of the tax system while recognising the special needs of PBI’s who provide their employees with fringe benefits. The legislation formalised the amount of FBT-free fringe benefits that may be provided to employees of PBI’s by introducing capped thresholds for FBT exemption. The legislation provided the exemption for two groups of employers, namely;

  • Private Not-for-Profit and Public Hospitals
  • Public Benevolent Institutions (other than Hospitals)