FBT Type

This window is used to setup and maintain the rates for FBT Types.

Prerequisites

  • No prerequisites

Rules and Guidelines

  • These rates are set by the ATO.
  • Currently there are two rates in force:
    • Type 1 is used to calculate the rate that affects the components of a Salary Package.
    • Type 2 is used to calculate the rates for Payment Summaries.

Field Information

This is a four-character code that represents the FBT Type.

This is the description of the FBT Type.

This refers to the rate to be used in the calculation of FBT for this type.