FBT 2026 – Minor Benefits and Major Headaches

There is nothing Minor about a Minor Benefit! Analysing whether the Minor Benefit exemption applies or not, often results in Major Headaches!  

For such a small benefit, Minor Benefits create a lot of headaches and plenty of mistakes, myths and misunderstandings still exist.

The common mistakes, myths and misunderstandings include:

• Up to $300 is exempt
• We don’t keep or need to keep records
• Entertainment less than $300 is always FBT exempt
• We’ve always taken this approach

Claiming the minor benefit exemption requires a range of considerations, including:

• Valuation choice
• Frequency and Regularity
• Associated benefits
• Fringe Benefit classification
• Employer type
• Aggregate Value
• Reward for Services

In this session Paul Mather will analyse Minor Benefits across all Employer types and all fringe benefit categories.

Paul will illustrate with real life scenarios, ATO interpretation and calculations

Learning Outcomes:

Key learning outcomes for attendees include:

• Understanding what is considered a minor benefit
• The rules to follow when claiming the minor benefits exemption
• The importance of record keeping
• Consideration of the ATO’s public ruling on minor benefits and other related ATO publications
• Analysis of the key considerations when analysing the minor benefits exemption, including:

• Valuation choice
• Determining the minor benefit value
• Frequency and Regularity
• Associated benefits
• Fringe Benefit classification
• Employer type
• Aggregate Value
• Reward for Services

• Why the exemption is restricted or not available for some employers
• Entertainment case studies
• Reward and award programs
• Structuring strategies for minimising FBT including policy considerations
• The reportable fringe benefit impact

Suited to:

This session is suited to Accounting Firms and all Employers including Corporates, SME’s, Charities, Not for Profits and Local, State and Federal Government.

Suitable for everyone involved in FBT Management and Reporting, from FBT Return preparers and reviewers, including Accountants, Tax Accountants, Financial Accountants, Finance Managers, Payroll Managers, Salary Packaging Managers, Tax Agents, Tax Practitioners and their teams.

You will also be provided with: 

• Access to watch the Live Webinar 
• Opportunities to ask real time questions to the presenter/s
• Poll questions to test your knowledge 
• Access to On Demand recording, which can be viewed multiple times, for as long as required 
• Presenters contact details for follow up questions 
• CPD Quiz (for On Demand recordings)
• CPD Certificate 
• CPD Report – Logged automatically 
• PowerPoint Presentation
• Verbatim Transcript, with Searchability
• Supporting Documentation