Definition of wages: F-N
Section 96A of the Workers Rehabilitation and Compensation Act 1988
First aid allowance
- According to the extent of current market rental value
- Where temporary accommodation is provided associated with relocation.
- Generally, fringe benefits provided to workers are assessable as wages. For more information relating to specific items, see relevant items.
- The value of the benefits should be calculated on the same basis as the "taxable value of fringe benefits". Note that this is the actual value of the benefit provided (as determined by the Fringe Benefits Tax Assessment Act 1986 (Cwlth)), i.e. the pre gross-up amount.
- Benefits of this kind provided to an employee of a religious institution who is a religious practitioner, are not fringe benefits within the meaning of the Commonwealth Act.
Gifts (that are not part of the employee's salary package)
Housing or other loans
- Where the employer provides a loan to a worker on which a low interest rate (or no interest) has been charged and that benefit is subject to FBT.
Leave (where paid by employer)
- Jury duty
- Long service
- Military service
- Where an allowance is paid to a worker for being put to expense whilst away from their normal place of residence and that benefit is subject to FBT.
- Where the allowance is paid because of personal inconvenience and lack of amenities associated with working at an isolated location and that benefit is subject to FBT.
Loan (unless commercially based)
Long service leave
- Payments made by an employer to or for the benefit of a worker in respect of long service leave are payments "in return for the worker's labour" and therefore assessable.
Lump sum payment in lieu of holiday, sick leave
- Accrued entitlements, having been earned by the worker through their labour, are considered payments "in return for the worker's labour" and therefore assessable.
Novated leases (that are subject to FBT)