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The risk of rewards: new tax implications for consumer loyalty rewards

Publication date: 11 Mar 05 | Source: WEEKLY TAX BULLETIN

Issue: No 10 11 March 2005

Pages: 345-347


Business owners often personally benefit from consumer loyalty rewards that are earned through business expense. The Tax Commissioner therefore released PS LA 2004/4 (GA) that goes beyond existing rulings to create new FBT implications.


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Author profile

Mark Northeast CTA
Mark is a consultant to Pitcher Partners Melbourne. Mark specialises in advising privately owned businesses, and has been an active participant for over 10 years in various ATO forums concerning professional practices. He is currently an external participant member of the ATO’s Professional Firms Working Group. Mark is a regular presenter for The Tax Institute, CPA Australia, the Institute of Chartered Accountants in Australia and the Law Institute of Victorian on professional practice matters. - Current at 30 June 2015
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