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The Government will increase the in-house fringe benefits tax-free threshold from $500 to $1,000, with effect from 1 April 2007. An in-house fringe benefit is a good or service provided to an employee that is identical or similar to those that the employer supplies to the public in the ordinary course of the employer’s business.

For a copy of the Treasurer's press release No 39, 9 May 2006, go here

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