The University is subject to Fringe Benefits Tax (FBT) legislation, as found in Fringe Benefits Tax Assessment Act 1986. FBT is a tax levied on the value of certain benefits, known as “fringe benefits”, provided by the University to employees. FBT is payable by the University not the employee.
The University currently maintains a comprehensive general insurance program with Unimutual and Catholic Church Insurances Limited (CCI). The insurance program is renewable annually on 1 November. The Chief Financial Officer has overall responsibility for the University insurance program, while the Financial Accountant manages and coordinates all claims and general insurance inquiries.