CBB Salary Packaging

Frequently asked questions

Salary Packaging

Salary Packaging sounds too good to be true, what is the catch?

It is comforting to know that Salary Packaging policies and guidelines are set down by the Australian Taxation Office (ATO) so you can be assured that this benefit is an approved and legal option.

How does the FBT year work?

The Fringe Benefit Tax (FBT) year commences on the 1st April and ends on the 31st March.

What about tax time?

You will find that just because you are Salary Packaging it won’t affect the way that you complete your tax return. The only additional step that you will need to do is include your reportable fringe benefit (which appears in the top right corner of your payment summary) on your taxation return.

How do I change the amount for my regular payment?

If at any time you would like to change the amount of one of your regular payments all you need to do is complete a new regular payment form.

Can I change my Salary Packaging calculations?

Yes, this is possible at anytime and all you need to do is give the CBB a call on 1300 763 505.

Can I set up regular payments to my personal credit card account?

Yes. A regular payment can be set up for your credit card account, for a capped amount, and a proof of debt must be produced for the outstanding amount excluding cash advances – conditions apply.

Can I make changes to my Salary Packaging payment requests?

You are able to make changes to your salary packaging payment requests at any time and at no extra cost to you. All that you need to do is notify us in writing by completing the necessary attachment forms and highlighting the request as an amendment.

How do I access my account statements?

Statements are available to you either via www.cbb.com.au or email.

How do I get my CBB Salary Packaging Card balance?

You can keep track of your CBB Salary Packaging Card balance by calling ANZ on 1800 610 212.

 


 

Meal Entertainment

How do I get started?

Decide on how much you would like deposited onto your meal card each pay cycle for future meals and/or drinks e.g. $20 per fortnight or $50, $100 – whatever suits you. Contact our friendly Helpline staff on 1300 763 505 and they will walk you through the steps required to get started

Who is eligible for the benefit?

Employees who salary package with CBB Salary Packaging are able to salary package meal entertainment expenses in addition to general salary packaging from employees of organisations who have approved this benefit.

Can I use my CBB Salary Packaging Card to pay for my meals?

Yes. However the funds on your meal card are additional to these funds.

Who can I claim for?

You can claim for you, family and/or friends

Can my partner have a card?

Yes, and there is no additional charge

How do I check my balance?

ANZ will send a free text message each fortnight direct to your mobile phone; you can use phone or internet banking and even an ANZ ATM.

Can I use the meal card overseas?

Yes, but there may be additional costs applicable due to the currency exchange fees through ANZ.

How do I substantiate the claim?

No need, it is that easy. Just use your ANZ meal card

Do I need to keep my receipts?

No. Your transaction history is maintained on the ANZ website for any future reference by you, your employer or the ATO.

Do I have to have a zero balance in my meal card at the end of the FBT year?

No. The best news of all is that you can carry forward your funds from one FBT year to the next.

If I have extra funds on my CBB Meal Entertainment card, can I use these funds for my accommodation costs?

No. These funds are only for food and beverages consumed at the same time for the purpose of entertainment.

How often can I change the amount I allocate to my meal card?

There is no limit; however each organisation may have their own limits. Every time you change your packaging amount, CBB will contact your pay office and deductions may not be actioned in time due to employer approvals and constraints.

How will this affect my Centrelink benefits/HECS/HELP repayments?

Great news – as this is a non-reportable benefit, your accessible income will reduce and have a beneficial impact on your Centrelink or HECS payments. As this is an exempt benefit it is not reported on your employee payment summary provided by your employer. Contact your financial advisor or Centrelink for further advice, where required.

 


 

Holiday Accommodation

How do I get started?

Simply contact our friendly Helpline staff on 1300 763 505 and they will walk you through the steps required to get started and help you decide how much to set aside each pay period.

Who is eligible for the benefit?

Employees who salary package with CBB Salary Packaging are able to salary package Holiday Accommodation expenses in addition to general salary packaging from employees of organisations who have approved this benefit.

What options do I have to make my Holiday Accommodation claims?

Method A – Savings

You nominate funds to be set aside each pay cycle for future expenses e.g. $20 per fortnight or $50, $100 – whatever suits you and then complete an Attachment 33a form.

Then you send CBB a claim form (Attachment 34a or 34b) with a copy of the original tax invoice/s to your nominated bank account.

OR

Method B = “Once off reimbursement”

Nominate the entire amount to be reimbursed as a “once off” payment eg $1,200.76 as stated on the tax invoice for accommodation only. Other expenses stated on the invoice are not included

Then send CBB a payroll deduction form (Attachment 33b) and a claim form (Attachment 34a or 34b) with a copy of the original tax invoice/s and CBB will reimburse the eligible total of submitted tax invoice/s to your nominated bank account.

(Example Only) Attachment 33a $1200.76, for payroll deductions

Attachment 34a nominated bank details for reimbursement

Where do I get a claim form?

Download Attachment 33 or 34, Venue Hire & Accommodation Form from our Forms Section on the CBB website.  Complete and return to CBB.

Can I use my CBB Salary Packaging Card to pay for my accommodation?

No. These funds are pre-tax dollars and therefore cannot be used to pay for accommodation.

Who can I claim for?

You can claim for accommodation provided the invoice is in your name and you were in attendance.

How do I substantiate the claim?

The accommodation was within Australia, you will need to provide CBB with the original tax invoice, which must be in your name. If overseas, you will need to provide CBB with the invoice clearly indicating the accommodation only (foreign languages must be translated to English to ensure allowable charges are reimbursed) and a bank statement showing the amount charged in Australian dollars. We suggest you ask for a separate invoice for the accommodation. Claims may not be accepted if the CBB cannot substantiate the items on the invoice.

When can I expect funds to be reimbursed to me?

Usually within 5 business days, from receipt of documentation, when you have sufficient funds set aside and providing you submit eligible tax invoices accompanied by a correctly completed CBB claim form.

Can I fax or email in my claim form and invoices?

No. CBB must hold the original tax invoices therefore you must post your reimbursement form and tax invoices to the CBB.

Can I use my CBB Salary Packaging Card to pay for my accommodation?

No. These funds are pre-tax dollars and therefore cannot be used to pay for accommodation.

If I cancel my accommodation can CBB get funds back from the supplier?

No. CBB will only reimburse the client direct. Only those who have completed their stay are eligible for reimbursement therefore a cancellation in advance will not comply.

Do I have to have a zero balance in my Holiday Accommodation Account at the end of the FBT year?

No. The best news of all is that you can carry forward your funds from one FBT year to the next. Start saving well in advance for that long awaited holiday!

If I have extra funds on my CBB Meal Entertainment card, can I use these funds for my accommodation costs?

No. These funds are only for food and beverages consumed at the same time for the purpose of entertainment.

What if I do not want to be reimbursed for accommodation but have funds at CBB how do I get my money back?

Funds can be returned to your employer, taxed and returned to you by your employer. Any accommodation fees paid to the CBB are non-refundable.

Does CBB charge a fee for this benefit and how is it applied?

The fee is $15.00 each time you claim – one claim may include multiple holiday expenses for one low administration fee. The fee is received pre-tax from your employer on your regular pay cycle like your general salary packaging fee. There is no fee when making regular contributions to CBB to save for your holiday.

How often can I change the amount I allocate for Accommodation Expenses?

There is no limit, however every time you change your packaging amount, CBB will contact your pay office and deductions may not be actioned in time due to employer approvals and constraints.

How will this affect my Centrelink benefits/HECS/HELP repayments?

Great news – as this is a non-reportable benefit, your accessible income will reduce and have a beneficial impact on your Centrelink or HECS payments. As this is an exempt benefit it is not reported on your employee payment summary provided by your employer. Contact your financial advisor or Centrelink for further advice, where required.

 

To get started or for more information, please contact CBB the not4profit people
Phone: 1300 763 505 or Email: ncb@cbb.com.au