THE EFFECT OF THE FEDERAL ELECTION RESULT ON
SALARY PACKAGING FOR PBI's
Now that the result of the 2013 Federal election is known, the proposed abolition of the statutory formula car FBT election, by the prior Government, will now not occur, as the Coalition has clearly stated they will not abolish the statutory formula method, which does not require log books to be completed, nor does it require any car business use to apply.
PENDING FRINGE BENEFITS TAX AND OTHER TAX CHANGES
As the Medicare levy is rising to 2.