A Public Officer is a company’s representative to the Australian Taxation Office (ATO) and is responsible for the company’s obligations under Section 252 of the Income Tax Assessment Act 1936.
A Public Officer must be an individual who meets all of the following criteria:
Acclime can appoint experienced Australian-based Public Officers to fulfil your compliance, legislative and regulatory requirements. See our Resident Director & Officer Services for more information on Acclime’s solution for your international expansion.
Yes. All businesses that are trading or intend to trade will need a tax file number (TFN).
A TFN is obtained at the same time as an Australian Business Number (ABN), using the same application form. This can be done through the Australian Business Register.
Fringe Benefits Tax (FBT) can apply where a benefit is provided to an employee (in respect of their employment). This could take many forms, including provision of a motor vehicle, payment of school fees, provision of car parks and gym memberships etc.
FBT is paid by the company and is equivalent to the highest marginal tax rate for individuals. More information regarding FBT can be found on the ATO website, or through a consultation with Acclime’s tax advisors.