May 8 2014
You will now be in receipt of your FBT Reporting Suite and a full salary packaging reconciliation is now underway for each of your employees.
Shortly you will be provided with a CSV file and PDF statements showing positive or negative balances that you are required to action via payroll. We ask that you follow the instructions detailed in the email advice to ensure smooth processing for your employees.
In the event that a recovery is required, an automatic deduction of (up to) $500 will occur via payroll. Any customers with liabilities that are greater than this will be contacted by Remunerator to arrange a repayment plan for the remaining portion.
Details of recoveries incurred due to FBT Liabilities can be found detailed in the FBT Reports, particularly for Novated Lease and Associate Lease customers who have not met their statutory travel requirements.