In Tuesday’s Federal Budget announcement, the Fringe Benefits Tax (FBT) exemption on salary packaging was changed effective immediately i.e. 7.30pm Tuesday 13 May 2008. This means that there will be changes to salary packaging of laptops and PDAs.
Those packages for laptops and PDAs which began prior to 7.30pm, Tuesday 13 May 2008, will continue as normal.
Packages scheduled to start after this time are on hold while we work through the implications of the announcement.
If your laptop or PDA deduction was due to begin in this week’s pay, 15 and 16 May 2008, money will be deducted from your pay. However, your salary packaging arrangement is on hold. When details are confirmed we will be able to let you know whether your package will be able to continue, or whether the funds will be returned to you.
Unfortunately there was no advance warning of this announcement.