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Annual Determinations 2008-09 2007-08 2006-07 2005-06 2004-05
Car limit $57,180
TD 2008/17		 $57,123
 TD 2007/22 		$57,009
 TD 2006/44 		$57,009
TD 2005/30 		$57,009
 TD 2004/27
Luxury car tax threshold $57,180
LCTD 2008/1		 $57,123
LCTD 2007/1 		$57,009
LCTD 2006/1 		$57,009
LCTD 2005/1 		$57,009
LCTD 2004/1
Div 7A - Benchmark interest rate 9.45%
TD 2008/19		 8.05%
TD 2007/23 		7.55%
TD 2006/45 		7.30%
TD 2005/31 		7.05%
TD 2004/28
Reasonable travel and meal allowance expense amounts TD 2008/18 TD 2007/21 TD 2006/43 TD 2005/32 TD 2004/19
Goods own use   TD 2007/30 TD 2006/55 TD 2005/36 TD 2004/38
  2008-09 FBT year 2007-08 FBT year 2006-07 FBT year 2005-06 FBT year 2004-05 FBT year
FBT: car parking threshold
(s39A FBTAA 86)		 $7.07
TD 2008/12 		$6.78
TD 2007/17 		$6.62
TD 2006/37 		$6.43
TD 2005/18 		$6.28
TD 2004/16

FBT: cents per kilometre
Motor vehicle other than a car

 TD 2008/4 TD 2007/8 TD 2006/13 TD 2005/9 TD 2004/9
FBT: CPI non-remote housing
(s28 FBTAA 86)		 TD 2008/5 TD 2007/6 TD 2006/14 TD 2005/10

TD 2004/10
FBT: exemption threshold
(s135C FBTAA 86)		 $6,766
TD 2008/6 		$6,614
TD 2007/7 		$6,391
TD 2006/15 		$6,223
TD 2005/11 		$6,084
TD 2004/11
FBT: food component LAFHA
(Division 7 FBTAA 86)

TD 2008/3

 TD 2007/9 TD 2006/23 TD 2005/12 TD 2004/8
FBT: benchmark interest rate 9%
TD 2008/7		 8.05%
TD 2007/10 		7.30%
TD 2006/24 		7.05%
TD 2005/8 		7.05%
TD 2004/12
FBT Gross-up rates
for FBT year ending 31 March		 Type 1 - 2.0647
Type 2 - 1.8692		 Type 1 - 2.0647
Type 2 - 1.8692		 Type 1 - 2.1292
Type 2 - 1.9417		 Type 1 - 2.1292
Type 2 - 1.9417		  
Threshold for reporting fringe benefits on employee payment summaries
for FBT year ending 31 March		 Taxable Value - $2,000
Grossed-up Value - $3,738		 Taxable Value - $1,000
Grossed-up Value - $1,869		 Taxable Value - $1,000
Grossed-up Value - $1,943		    
FBT Rates
for FBT year ending 31 March		 46.5% 46.5% 48.5%    
FBT Car Benefits - Statutory formula method (see s.9 FBT Act)

Total kms travelled in year

Less than 15,000
15,000 to 24,999
25,000 to 40,000
More than 40,000

Statutory %



26
20
11
7

Use the following formula to calculate:
(AxBxC)/D - E
Where:
A = the base value of the car
B = the statutory percentage
C = the number of days in the FBT year when the car was used or available for private use of employees
D = the number of days in the FBT year
E = the employee contribution.
Superannuation age based limits 2007-08 2006-07 2005-06 2004-5 2003-04
Under 35   15,260 14,603 13,934 13,233
35-49   42,385 40,560 38,702 36,754
50-70 (& 28 days)   105,113 100,587 95,980 91,149
Tax rates on taxed & untaxed elements of ETP 2007-08 t'hold 2006-07 t'hold 2005-06 t'hold 2004-5 t'hold 2003-04 t'hold
Under 55
Taxed element - 20%
Untaxed element - 30%		   Any income amount Any income amount Any income amount Any income amount

55 & over
Taxed element - 0 to t'hold - 0%
Untaxed element - 0 to t'hold - 15%
Taxed element - over t'hold - 15%
Untaxed element - over t'hold - 30%

  135,590 129,751 123,808 117,576
Seniors tax offset 2008-09 2007-08 2006-07 2005-06 2004-05
Code A  

Lower t'hold - 24, 867
Upper t'hold - 42,707
Max. offset - 2,230

 Lower t'hold - 21,968
Upper t'hold - 39,808
Max. offset - 2,230		 Lower t'hold - 20,500
Upper t'hold - 38,340
Max. offset - 2,230		 Lower t'hold - 20,500
Upper t'hold - 38,340
Max. offset - 2,230
Code B, C   Lower t'hold - 23,600
Upper t'hold - 39,920
Max. offset - 2,040		 Lower t'hold - 21,167
Upper t'hold - 37,487
Max. offset - 2,040 		Lower t'hold - 19,383
Upper t'hold - 35,703
Max. offset - 2,040		 Lower t'hold - 19,383
Upper t'hold - 35,703
Max. offset - 2,040
Code D, E   Lower t'hold - 20,680
Upper t'hold - 33,496
Max. offset - 1,602 		Lower t'hold - 18,247
Upper t'hold - 31,063
Max. offset - 1,602		 Lower t'hold - 16,806
Upper t'hold - 29,622
Max. offset - 1,602 		Lower t'hold - 16,806
Upper t'hold - 29,622
Max. offset - 1,602
Low age pension offset 2008-09 2007-08 2006-07 2005-06 2004-05
Code S (S,Q or J in 2007 & 2008) Lower t'hold - 20,194
Upper t'hold - 37,226
Max. offset - 2,129		 Lower t'hold - 19,454
Upper t'hold - 35,598
Max. offset - 2,018 		Lower t'hold - 18,727 to 19,583
Upper t'hold - 33,999
Max. offset - 1,909 		Lower t'hold - 18,453 to 19,252
Upper t'hold - 35,389
Max. offset - 2,117 		Lower t'hold - 17,342 to 18,141
Upper t'hold - 32,766
Max. offset - 1,928
Code P Lower t'hold - 16,734
Upper t'hold - 29,614
Max. offset - 1,610 		Lower t'hold - 16,147
Upper t'hold - 28,323
Max. offset - 1,522 		Lower t'hold - 15,520 to 16,376
Upper t'hold - 26,944
Max. offset - 1,428 		Lower t'hold - 15,324 to 16,123
Upper t'hold - 28,004
Max. offset - 1,585 		Lower t'hold - 14,377 to 15,176
Upper t'hold - 25,709
Max. offset - 1,424
Code I Lower t'hold - 19,214
Upper t'hold - 35,070
Max. offset - 1,982 		Lower t'hold - 18,527
Upper t'hold - 33,559
Max. offset - 1,879 		Lower t'hold - 17,807 to 18,663
Upper t'hold - 31,975
Max. offset - 1,771 		Lower t'hold - 17,583 to 18,382
Upper t'hold - 33,335
Max. offset - 1,969 		Lower t'hold - 16,483 to 17,282
Upper t'hold - 30,739
Max. offset - 1,782
Tax cases table Recent Tax Cases Recent Decisions Historical Decisions Landmark Decisions

OTHER RESOURCES

Subscription databases Description
Provided through Thomson Legal & Regulatory. Useful for online access to the Australian Tax Handbook and commentary on legislation. Also provides access to a number of taxation publications such as the Weekly Tax Bulletin, Capital Gains Tax Bulletin and Fringe Benfits Tax Bulletin.
Tax Library component useful for online access to the Australian Master Tax Guide and commentary on legislation. Also contains modules for superannuation and corporations law.
CaseBase Provided through LexisNexis Butterworths Online. Case citator service. Very useful for finding related cases or articles about a case. Full text of cases is not provided.
Organisations Description
Taxation Institute of Australia - Resources include articles & papers in all areas of taxation.
CPA Australia - Technical resources such as checklists and forms for taxation, financial planning, audit and corporate governance.
Institute of Chartered Accountants in Australia - Resources include tax tips and articles for taxation, financial planning, auditing and superannuation.
Financial Planning Association of Australia
National Institute of Accountants - Technical Updates for taxation, superannuation and auditing.
National Tax and Accountants Association - Seminar notes and checklists available for purchase.
ATAX, the taxation school in the Faculty of Law at the University of New South Wales - Information about study options and online access to Tax Matters and eJournal of Tax Research.
ATMA Association of Taxation and Management Accountants. Members-only access to resources.

IAASB

 International Auditing and Assurance Standards Board - Standards and Practice Statements for auditing.
The Board of Taxation Media releases, reports, speeches and articles.
General Search Tools Description
Australian white pages - search for known individuals or businesses by name and location.
Australian yellow pages - search for unknown businesses by business type and location.
Australian geographic locator - search for landmarks, streets, suburbs or cities by state.
Australian www search engine. Results are divided into websites, White Pages entries, Yellow Pages entries, Trading Post entries, news and images. Also separate Australian and International results.
International www search engine. Searches can be limited to Australian content. Has options for images and news searching.
International www search engine. Searches can be limited to Australian content. Has options for images, audio, video and news searching.

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