Entries by synecticgroup

FBT exemption for electric vehicles in Australia

Fringe Benefits Tax (FBT) exemption for electric vehicles in Australia has now been legislated. The relevant legislation, Treasury Laws Amendment (Electric Car Discount) Bill 2022, received Royal Assent on 12 December 2022. It upholds the Government’s pre-election commitment and broader decarbonisation initiatives. Of all the employee ‘perks’, employer-provided cars (through novated car leases or private […]

December 2022 newsletter

In our last newsletter for this year, we take the opportunity to acknowledge some 2022 highlights and share what the team have been up to.