Your business will provide a car parking fringe benefit to an employee if, on any day, all the following occur:

▪ your employee parks their car (or a car your business provides them) in a place that you own, lease or control (your business premises) which is at or near their primary place of employment;

▪ the business premises are within 1 kilometre (by the shortest practicable route) of a commercial parking station that charges an all-day parking fee greater than the car parking threshold ($11.03 for the 2025–26 FBT year) on both the first day of the FBT year (1 April 2025 for the 2025–26 FBT year) and the day the benefit is provided;

▪ the car is parked for more than 4 hours between 7.00 am and 7.00 pm;

▪ the employee drives their car between home and work, or vice versa, at least once;

▪ your business is not exempt from car parking fringe benefits.

Read our complete June 2025 TaxWise Newsletter here.