FBT Liability on Corporate Wellness Benefits
Definition
Corporate wellness programs involving yearly fees for employee gym/retail discounts trigger Fringe Benefits Tax (FBT) obligations, requiring valuation and reporting via ATO.
Key Findings
- Financial Impact: AUD 2,000-5,000 per annum in FBT liability per program plus 47% tax rate on grossed-up value
- Frequency: Annual FBT return (due May 21)
- Root Cause: Lack of automated FBT classification in billing for mixed taxable/non-taxable wellness services
Why This Matters
The Pitch: Wellness providers in Australia waste AUD 10,000+ annually on FBT audits and adjustments. Automation of benefit tracking eliminates this risk.
Affected Stakeholders
Finance Manager, Payroll Officer, Wellness Program Admin
Deep Analysis (Premium)
Financial Impact
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Current Workarounds
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Methodology & Sources
Data collected via OSINT from regulatory filings, industry audits, and verified case studies.
Evidence Sources:
Related Business Risks
GST/BAS Reporting Errors in Wellness Billing
Unbilled Sessions in Corporate Wellness Bookings
Superannuation Withholding Risks for Wellness Contractors
Churn from Billing Friction
Delayed CCS Payments and High AR Days
Unbilled Hourly Services and No-Shows
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