Salary sacrifice expenses (ETF 751)

A1B.39.

Salary sacrifice expenses (ETF 751) consist of the expenses of benefits supplied by a public sector employer to employees under a salary sacrifice arrangement. In the ABS GFS, salary sacrifice expenses are further classified by destination using an appropriate SDC code, and are further classified as:

• Salary sacrifice expenses - superannuation (ETF 7511, SDC); and
• Salary sacrifice expenses not elsewhere classified (ETF 7519, SDC).

A1B.40.

Salary sacrifice expenses - superannuation (ETF 7511, SDC) consists of the value of expenses relating to superannuation provided by the employer to employees through a salary sacrifice arrangement. As mentioned above, there are tax advantages for the employee when they make extra superannuation contributions through a salary sacrifice arrangement. This item only records the expenses to the employer relating to the provision of superannuation to employees through a salary sacrifice arrangement, and excludes normal superannuation expenses.

A1B.41.

Salary sacrifice expenses not elsewhere classified (ETF 7519, SDC) consists of the value of expenses relating to items other than superannuation (such as a car, or computer) provided by the employer to employees through a salary sacrifice arrangement. As mentioned above, there are tax advantages for the employee when they purchase items through a salary sacrifice arrangement. This item only records the expenses to the employer relating to the provision of items other than superannuation to employees through a salary sacrifice arrangement, and excludes normal expenses.