Other Tab

Use this tab to select the reportable fringe benefit (FBT) transaction type and the transaction type for the deductible amount of the undeducted purchase price of the annuity.

Options Reference

Each option and field on the form is described below. Mandatory options and fields are highlighted in red.

Not exempt

Enter the not exempt reportable fringe benefit that displays on the payment summaries.

Exempt

Enter the exempt reportable fringe benefit that displays on the payment summaries.

Report based on FBT year (1^st April to 31^st March)

Select this option to report FBT transactions on the Payment Summary that are in the current FBT year. If not selected, you can enter the FBT transactions on any date in the financial year (1^st July to 30^th June).

Annuity

Select the transaction type that contains the deductible amount of the undeducted purchase price of the annuity. This is the part of the capital investment that is returned to the payee each year over the term of the annuity or pension.

Payer name

If the payer name is not the company name, select and enter the payer's name here. This is used instead of the company name on the Payment Summary form and in the file submitted to the Australian Tax Office.

Trading name

If the company has a trading name, select either the company name or enter a name here. This is included in the file submitted to the Australian Tax Office.