A Religious Institution is:
- a body whose objects and activities reflect its character as a body instituted for the promotion of some religious object, and
- the beliefs and practices of the members of that body constitute a religion.
Private schools, private universities and residential colleges are generally not be considered religious institutions. However, Bible colleges, seminaries and theological colleges may come within the definition of a ‘religious institution’.
Religious institutions are eligible for the 47% rebate of the gross FBT payable (for FBT year ending 31 March 2018), subject to a $30,000 capping threshold. If a religious institution is a charity it must be endorsed by us to access the FBT rebate. You can self assess its entitlement if you are a religious institution that is not a charity.
Certain additional FBT concessions are available to Religious institutions that provide benefits to:
- religious practitioners
- live-in carers
- domestic employees.