The Australasian Fleet Management Association issued a statement, which outlined its concern over the impact that proposed changes to the Fringe Benefit Tax legislation will have on the wider business community.
Australia Announces Changes to Fringe Benefits Tax
A reform to Australia's Fringe Benefits Tax, which will take effect on April 1, 2014, will remove the statutory formula method for both salary-sacrificed and employer-provided car fringe benefits for contracts entered into after the announcement.