This document is a fringe benefits tax optional clause. This clause is designed for inclusion in the employment contract for employees who are entitled to receive fringe benefits as part of a remuneration package.
Advice should be obtained from an accountant or taxation specialist in relation to the liability to pay fringe benefits tax.
For an employment agreement, see the separate precedent collection, including the “Basic employment agreement (short form)” and “Basic employment agreement (long form)”. Clauses should be adapted to ensure consistence of terminology, particularly in relation to defined terms.
This document has been authored for LexisNexis by Joe Catanzareti, Partner, Clayton Utz, Sydney and updated by Brooke Pendlebury, Principal, Pendlebury Workplace Law, Sydney.
This document is prepared with the assistance of Specialist Editor Justine Turnbull, Partner, Seyfarth Shaw Australia.