Various rates and thresholds relevant for calculating FBT are updated on 1 April each year. Updated figures for the current FBT year (i.e. 2021–22) include:
- record-keeping exemption threshold – $8,923 (previously $8,853);
- statutory or benchmark interest rate – 4.52% (previously 4.80%);
- car parking threshold – $9.25 (previously $9.15).
The cents-per-km rates (for motor vehicles other than cars) for the 2021-22 FBT year are:
| 0-2500cc | Over 2500cc | Motor cycles |
| 56c | 67c | 17c |
Weekly food and drink expenses
The weekly food and drink expenses for the 2021–22 FBT year that the ATO accepts as reasonable for a living-away-from-home allowance (LAFHA) paid to employees living away from home within Australia are:
| Per week $ | |
| 1 adult* | 283 |
| 2 adults | 425 |
| 3 adults | 567 |
| 1 adult and 1 child | 354 |
| 2 adults and 1 child | 496 |
| 2 adults and 2 children | 567 |
| 2 adults and 3 children | 638 |
| 3 adults and 1 child | 638 |
| 3 adults and 2 children | 709 |
| 4 adults | 709 |
| Each additional adult | 142 |
| Each additional child | 71 |
The weekly food and drink expenses for the 2021–22 FBT year that the ATO accepts as reasonable for a living-away-from-home allowance (LAFHA) paid to employees living away from home outside of Australia are set out in Taxation Determination TD 2021/3.
