universityofsouthaustralia.docVIP

UNIVERSITY OF SOUTH AUSTRALIA GUIDELINES ON SALARY SACRIFICING RELOCATION EXPENSES OVERVIEW These guidelines support the University’s commitment to maximise its appeal as a preferred institution and employer of choice. These guidelines provide direction for University staff members when salary sacrificing relocation expenses. These guidelines should be read in conjunction with the Guidelines on Overseas and Domestic Relocation Expenses and the Salary Sacrifice Guidelines and Conditions. Disclaimer The University of South Australia, its staff members or agents are not engaged in rendering advice and any information received should be confirmed with independent sources i.e. Accountant or Financial adviser. Any cost incurred in obtaining financial advice is the responsibility of the staff member. The University of South Australia accepts no liability should the staff member fail to seek financial advice or for financial and taxation advice received by the staff member. A directory of financial planners is available from the Financial Planning Association at http://www.fpa.asn.au/ GUIDING PRINCIPLES The University provides a salary sacrifice scheme for eligible University staff members to claim fringe benefit tax (FBT) exempt relocation expenses by way of reimbursement. The reimbursement process includes the refunding of the goods and services tax (GST) paid and reducing the pay as you go (PAYG - income tax) by salary sacrificing the GST exclusive cost. Staff members who are appointed on a continuing basis or on a fixed term contract of at least twelve months are eligible to salary sacrifice. For further information please refer to the relevant UniSA Collective/Enterprise Agreement. The Australian Taxation Office (ATO) FBT Guide details the various exemptions and concessions available for relocation expenses. RELEVANT TERMS Base Salary - is the annual salary as defined in relevant UniSA Collective/Enterprise Agreement excluding any allowances or additional p