ATO Updates (May 2022)

FBT thresholds for year 2022-23

• Record keeping exemption – Increased from $8,923 to $9,181
• Benchmark Interest Rate – 4.52% unchanged

FBT – Living Away from Home Allowance (LAFHA) – Reasonable amount for Meals for the Year 2022-23

1 Adult – $289

2 Adults – $434

3 Adults – $579

1 Adult + 1 Child – $362

2 Adults + 1 Child – $507

2 Adults + 2 Children – $580

2 Adults + 3 Children – $653

3 Adults + 1 Child – $652

3 Adults + 2 Children – $725

4 Adults – $724

An adult is a person who is aged 12 years or more as of 31 March 2022.

FBT – Cents/Kilometer Rate for the year 2022-23

The cents/kilometer rates for working out the private usage portion of a Motor Vehicle (other than a car) is as below:

Private Health Insurance Rebate

The rates in the below table will be effective for the period from 1 April 2022 to 31 March 2023:

Grants declared as ‘Non-Assessable Non-Exempt’

• NSW Accommodation Support Grant (NSW)
• Commercial Landlord Hardship Grant (NSW)
• NSW Performing Arts Relaunch Package (NSW)
• NSW Festival Relaunch Package (NSW)
• 2022 Small Business Support Program (NSW)
• 2021 COVID – 19 Business Support Grants (QLD)
• COVID – 19 Business Support Grant – July 2021 (SA)
• COVID – 19 Additional Business Support Grant (SA)
• COVID – 19 Tourism & Hospitality Support Grant (SA)
• COVID – 19 Business Hardship Grant (SA)
• COVID – 19 Business Support Grant (ACT)

Deductions allowed for a prison dog handler

A prison dog handler is allowed the below deductions for the reasons stated against it: