On Wednesday 3.8.2016, the ATO issued the following Class Ruling:
- CR 2016/56: FBT: employers who use the Ctrack Pty Ltd telematics system for car log book records and for odometer records. It applies from 1 March 2015.
[LTN 148, 2/8/16]
Extract from Class Ruling
Ctrack Telematics Solution
9. Ctrack Pty Ltd (Ctrack) has developed a telematics solution which allows car locations to be accurately tracked (and remotely recorded) using GPS locations. This information feeds back to a centralised database, which then allows the employers to view and download log book and odometer records.
Ruling
24. The Ctrack telematics system ‘Business Private Report’ is a document that satisfies the definition of ‘log book records‘ in subsection 136(1) of the Fringe Benefits Tax Assessment Act 1986.
25. The Ctrack telematics system ‘Business Private Report’ is a document that satisfies the definition of ‘odometer records‘ in subsection 136(1).
26. An employer using the Ctrack telematics system ‘Business Private Report’ is entitled to claim a reduction of operating costs of a car on account of business journeys, in a log book year of tax, as the Ctrack telematics system ‘Business Private Report’ meets the requirements of section 10A.
27. An employer using the Ctrack telematics system ‘Business Private Report’ is entitled to claim a reduction of operating costs of a car on account of business journeys, in a non-log book year of tax, as the Ctrack telematics system ‘Business Private Report’ meets the requirements of section 10B.