FAA Salary Packaging Administration Bureau:

Financial Advisers Australia (FAA) is a salary packaging administration bureau.  This means that we are able to outsource the administration of all salary packaging needs throughout Australia.

We are experts in salary packaging specialising in Queensland, New South Wales, Victoria and Tasmania.

 

What is it?

FAA Salary Packaging Administration Bureau allows us to provide salary packaging to your companies employees.  It allows us to process and maintain the administration of all of there financial needs under one roof.

FAA provides employers and their employees with a complete and professional salary packaging program that can be tailored to the individual needs and circumstances of the employer and employees.

 

Key features:

A. Automated electronic payment of salary packaging money

FAA Salary Packaging Administration Bureau use the secure electronic banking system of the Commonwealth Bank to make payments. All payments are made electronically using the EFT system. It enables us to make cleared payments directly to any Bank, Building Society or Credit Union on a same-day basis. As an employer you will have your own dedicated account within our banking profile where only the credited or debited information will be for your company.

 

B. Comprehensive employer and employee reporting systems

FAA Salary Packaging Administration Bureau provide employers with a suite of reports that will assist them with all the information required to comply with the applicable taxation legislation.

  • Goods and Services Tax (Input Tax Credits);
  • Employee payment reconciliation;
  • Fringe Benefits Tax; and
  • Motor Vehicle details.

Reporting in April each year on the following:

  • Payment Summary Reporting;
  • Superannuation; and
  • Employee Fringe Benefits Grossed-Up amount

 

C. Advice and assistance to the employer and its employees

During implementation, we conduct Information Sessions at your sites to introduce the concept of salary packaging and to familiarise your employees with the administration of the program.

We complement the sessions with 'one-on-one' interviews with employees to explain the salary packaging program and to answer their personal tax questions.

We will assist employees with any queries on income tax, superannuation, HELP (previously called HECS), Centrelink, child support and other implications of salary packaging.

Our on-line salary packaging and HELP Calculators are a valuable resource for individuals in modelling their salary packaging arrangements and informing them of the options.

 

Why should you choose FAA?

In addition to being our own Salary Packaging Administration Bureau FAA are accredited with and have access to:

  • 18 Lending & Finance Companies;
  • All Novated Leasing Companies providing advice for their employee clients;
  • All major Salary Packaging Administration Bureaus proving advice;
  • All major insurance companies;
  • All major Fund Managers;
  • We have 2 solicitors and 3 Tax Agents working with us in our organisation;

We have partnerships with a number of companies throughout Australia.  We are able to look after government, private and all other types of organisations no matter your size.

Most importantly for your employees and your reputation and duty of care, FAA does not merely advise employees to seek independent financial advice on salary packaging – FAA provides this service to employees at the time of their salary packaging.

 

Employee Benefits Program

Currently the majority of your staff will have no-where to go to have an independent unbiased assessment on the majority of their financial needs and situations. 

We are proposing that we are able to offer this service free of charge to all the staff you represent.  From their assessment appointment we will be in a position to provide the gateway to a huge range of companies and services for the employees. 

We are not tied to any brand or particular service provider and so we are able to provide unbiased advice.

 

How can we help you?

Please contact us and we can come to you for a no obligation appointment to discuss to you the benefits of using FAA Salary Packaging Administration Bureau.  

Prepared by John Hehir - Financial Advisers Australia (FAA)