Proposed FBT exemption — retraining and reskilling

December 3, 2020 | Robyn Bull

The government has announced it will introduce an exemption from FBT for retraining and reskilling benefits provided by employers to redundant, or soon to be redundant, employees where the benefits may not be related to their current employment.

It is proposed that this exemption will not apply to:

If enacted, this proposed measure is intended to apply from the day it was announced (i.e., 2 October 2020).