HI, the organisation i work for has salary sacrificing arrangements available for our employees.
an employee has made an arrangement to salary sacrifice investment loan interest, (which i realise is an available salary sacrifice for all australians).
what i want to know is what our business obligations for this type of salary sacrificing by our employee. it does not have an FBT component, hence don't need that. But are there any other reporting requirements for our business. or is this an item that the employee settles directly with the ATO. i know the organisation Smart Salary easily does this item, but our organisation does not use them nor wanting to use as yet.
hence, what can you advise?
what would be the relevant ATO docs/rules that allow this, and how is this enforced when employee requests.
thanks, Darren
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