Very broadly, a car parking fringe benefit may arise for each day on which you (the employer) provide a car parking space for the use of an employee.
Specifically, a car parking fringe benefit arises during a FBT year only if all of the following conditions are satisfied:
- a car is parked at premises that are owned or leased by, or otherwise under the control of, the provider (usually you as the employer)
- within a one-kilometre radius of the premises on which the car is parked, there is a commercial parking station that charges a fee for all-day parking , which is more than the car parking threshold
- the car is parked for a total of more than four hours between 7.00am and 7.00pm on the day
- the car is owned by, leased to, or otherwise under the control of, an employee, or is provided by you
- the parking is provided in respect of the employee’s employment
- the car is parked at or near the employee’s primary place of employment on that day
- the car is used by the employee to travel between home and work (or work and home) at least once on that day
- the commercial parking station referred to above must also, on the first business day of the FBT year, charge a representative fee for all-day parking that is more than the car parking threshold, $8.95 for the 2020 FBT year.