For the fringe benefits tax year 1 April 2013 to 31 March 2014, the benchmark interest rate is 6.45% per annum.
For the fringe benefits tax year 1 April 2012 to 31 March 2013, the benchmark interest rate is 7.40% per annum.
The benchmark interest rate is used to calculate the taxable value of:
The Tax Office determine the benchmark interest rate from the standard variable rate for owner occupier housing loans of the major banks published by the Reserve Bank of Australia in the period immediately before the FBT year.
Tax Determination TD 2013/8
This page last edited 27 March 2013