FBT Record Keeping | Alternative Records

The ATO has released a series of Legislative Instruments which allow them to accept alternative record keeping methods which meet the evidentiary requirements of the FBT rules.

Declarations are typically required by the due date of lodgment of the FBT return in each year.

Under the alternative records guidelines, employers can rely alternative records instead of travel diaries or certain employee declarations provided the minimum requirements are met.

Previous declarations may still be used, either alone or in conjunction with the new alternative requirements.

Full details of the eligibility requirements are set out on the ATO’s website here which includes several examples of alternative records which would meet the new requirements.

Here is a summary of the Legislative Instruments relating to each of the declaratory requirements.

This page was last modified 2024-04-06