Disclaimer

In preparing the information contained in this site, the University has taken care to provide relevant information in respect of salary packaging to help staff understand how the arrangement impacts on individual circumstances. It is not the intention to provide every possible detail. The University disclaims all and any responsibility or liability in respect of information detailed or omitted (or the consequences thereof) from this site.

Financial advice

The University strongly urges any employee considering participating in salary packaging to seek independent financial advice.

Reportable Fringe Benefits

Reportable Fringe Benefits (RFB) tax arising from salary packaging of motor vehicles and their effect on your individual circumstances should be considered.

Having an RFB amount included on a payment summary will result in its inclusion in a number of income tests relating to the following government benefits and obligations:

HECS repayments

Child support payments

Medicare levy surcharge

Superannuation surcharge

Termination payments surcharge, and

Personal superannuation surcharge

The RFB amount will also be taken into account in the income tests for Family Tax Benefit, Child Care Benefit and the parental income test for the Youth Allowance. (These income tests will however, only include the non-grossed-up value of the fringe benefit.)

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