Vehicle Allowance - Required To Provide A Motor Vehicle As A Condition Of Employment -1500 Cc And Under


Banking, Finance and Insurance Award 2010 [MA000019]

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Applies from: 01/07/2024

Allowance Description

Any employee required to provide a motor vehicle as a condition of their employment must be paid an allowance of:

 

 

Per week
$

For a vehicle 1500cc and under

128.95

For a vehicle over 1500cc

159.07



What to pay

$3.40 per hour up to a maximum of $128.95 per week

Notes

This allowance is paid for employees using their own car and is based on a cents per kilometre basis.

Should you withhold tax?

Kilometre allowances should not have tax withheld from them unless they are over the ATO threshold. This is currently $0.72 per kilometre. If they are over, the amount up to these thresholds is tax free and the remaining amount is taxable

Should super be paid on this allowance?

This allowance should not form part of ordinary times earnings

Should payroll tax be paid on this allowance?

The exempt portion (up to $0.72 per km) is not included for payroll tax purposes and is exempt. The amount above this is included for payroll tax purposes.

How is it treated on the payment summary?

Show the allowance separately in the allowance box

How should it be reported for Single Touch Payroll?

Car

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