Commonwealth Consolidated Acts Commonwealth Consolidated ActsAn employee's reportable fringe benefits total for a year of income is the sum of each of the employee's reportable fringe benefits amounts for the year of income in respect of the employee's employment by an employer.
Example: Sylvia employs Angela, who has a reportable fringe benefits amount of $3,000 for the 1999 - 2000 year of income from her employment by Sylvia.
Angela is also an employee of Geoff, and has a reportable fringe benefits amount of $4,000 for that year of income from her employment by Geoff.
Angela's reportable fringe benefits total for the 1999 - 2000 year of income is $7,000.