Annual Report 2000/2001 Territory Housing
Tabled paper 154
Tabled Papers for 9th Assembly 2001 - 2005; Tabled Papers; ParliamentNT
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Appendix Territory Housing pays Fringe Benefits Tax on all low interest loans previously offered to Northern Territory Government public sector employees as an incentive to attract long term residency in the Northern Territory. Although the scheme is no longer available the tax liability remains for the life o f existing loans. Fringe Benefits Tax is due on the difference between market loan interest rates and the interest rates o f existing loans. (^Fringe Benefits Tax 2000-2001 Community service obligation (CSO) funding received Net cost o f delivering service CSO Surplus / (Deficit) 140 164 -24 173 138 35 136