Am I eligible to salary package?
Generally to be eligible to salary package you have to be a continuing or fixed term Griffith employee with at least 12 months left on your employment contract.
Can I salary package my private medical insurance/mortgage/rent/external child care?
Griffith University does not currently offer salary packaging for personal health plans, rent, mortgage or non-University child care as the University would be liable for fringe benefits tax.
Do I pay a fee to salary package?
For Griffith administered items there are no fees. These include superannuation contributions, University child care, Gym and Parking.
For all other items there are fees. For details of these refer to the Salary Packaging User Guide (PDF 181k).
How does a novated lease work?
A novated lease is a three party agreement between, your employer and the leasing company. Griffith University has arrangements with nlc and LeasePlan to administer our leases. You enter a finance lease with either nlc or LeasePlan and sign a document called a novation agreement which transfers some of your lease obligations to Griffith University.
Once the novated lease commenced, Griffith University deducts fortnightly pre-tax and post-tax deductions from your salary and remits these funds to nlc or LeasePlan to pay for your vehicle lease and operating costs. Your car is then treated like a company car which normally provides income tax and GST savings to you.
How often can I salary package a laptop/iPad/mobile phone?
You can salary package one of each type of device each FBT year. The FBT year runs from 1st April to 31st March.
I am thinking of leaving Griffith University and I have a novated lease. What should I do?
You have three options when leaving:
- Renovate the lease to yourself and continue paying the monthly lease payments and all of the car's running costs out of your own pocket, including GST. The residual value will still be due at the end of your lease;
- Renovate the lease with a new employer. nlc or LeasePlan can assist you with this process; or
- Pay out the lease early.
I want to salary package a laptop. How does it work? How am I reimbursed?
- Griffith University Salary Packaging Authority Form (PDF 36k) ;
- Application for Laptop Benefit Form (PDF 237k) .
and attach the original tax invoice/purchase receipt and forward to HR Staff Services, (Bray Centre) N54_1.22.
You elect the number of pay periods that you want the reimbursement/deduction to occur over.
LeasePlan will reimburse the purchase price (less any administration fees) of the laptop to your bank account.
This occurs five to seven days after the pay period end date. Also the University makes before-tax deductions to your pay for the value of the laptop (less GST). The benefit to the staff member is the tax saving as a result of the before-tax deduction to their salary.
I want to salary package my parking. How do I do this?
A request to salary package parking is arranged through Campus Life Parking. If applying for parking online, choose the payment option "Salary Package Deduction".
I want to salary package University child care. How do I do this?
A request to salary package University childcare fees is arranged through the Childcare Centres.
I want to salary package University gym membership. How do I do this?
A request to salary package University gym membership is arranged through Nathan Fitness. The Gold Coast campus gym is not run by the University, therefore membership cannot be salary sacrificed.
What can I salary package at Griffith University?
The following items can be salary packaged:
- Member superannuation contributions;
- Griffith University Childcare;
- Griffith University gym membership (Nathan and Mt. Gravatt);
- Griffith University car parking;
- Novated motor vehicle leases;
- Laptops/iPads/Mobile phones;
- Airport lounge membership;
- Briefcases; and
- Financial advice about salary packaging.
Further information can be found on the Salary Packaging webpage.
What is the Employer identification ID that is required when registering with LeasePlan for the first time?
For LeasePlan Driver Online access:
- Select "Login to" in the top right hand corner of the screen;
- Select "LeasePlan Online";
- Click on Register Here (if first time user); and
- Enter Griffith University's Customer Number (1000038017).
What is the Fringe Benefits Tax (FBT) and when is it payable?
Fringe benefits tax (FBT) is a tax paid by employers. It is a tax calculated on the taxable value of non-cash employment benefits provided to employees by employers. The FBT tax rate is a flat 46.5%.
What is the Operating Cost Method (OCM) of calculating FBT on a motor vehicle novated lease?
Under the OCM, the taxable value is calculated by applying the private usage percentage to the total operating costs of the novated vehicle. Business and private usage is determined by keeping a log book recording the kilometres travelled for business and private use.