Momentus Technologies
About: Momentus Technologies is a global provider of industry-leading venue and event management solutions that empower organizations to create extraordinary moments. With over 50,000 users in more…
read moreFitness Australia has launched #FITnotFBT, a campaign that aims to get Australia's tax system into shape to create a healthy and productive workforce for all Australians.
Currently, large employers who can provide fitness training services on their premises qualify for a Fringe Benefits Tax (FBT) exemption. However, if a small business, which doesn’t have the space on-site wants to provide the same service via the local gym or a registered trainer in the local park they don’t qualify for the exemption.
Commenting on the inequity, Fitness Australia Chief Executive Lauretta Stace states "given that small to medium businesses account for 70% of the jobs, it seems perverse to have a tax incentive that excludes the majority of business owners from helping to create a healthier, more productive workforce. It’s not fair."
#FITnotFBT: Get our tax system into shape campaign proposes to expand the FBT exemption to apply to services also offered ‘off-site’.
Stace adds "expanding the FBT exemption is vitally important because 60% of Australian adults don’t get enough exercise and more than 63% are overweight or obese."
"Physical inactivity is the fourth leading risk factor for mortality causing an estimated 3.2 million deaths worldwide2. Conversely, physical activity is the second most important factor in disease prevention after quitting smoking.
"Furthermore, the total economic cost of physical inactivity to our economy is estimated to be $13.8 billion and the cost of obesity is $37.7 billion annually.
"It is critical that the place where we spend most of our time, outside of our home, promotes a healthy lifestyle."
Stace concluded "#FITnotFBT is about levelling the playing field, giving all employers, regardless of size, the tools to provide a healthy workforce.
"Government has a role to play, through providing incentives to businesses to help them implement healthy initiatives."
For more information and to support the campaign visit www.FITnotFBT.org.au
27th August 2014 - FITNESS AUSTRALIA AND PARKS AND LEISURE AUSTRALIA JOIN TO ADVANCE TRAINING IN PARKS GUIDELINES
15th August 2013 - FITNESS AUSTRALIA LAUNCHES EXERCISE REFERRAL KIT
20th October 2012 - FITNESS AUSTRALIA FINDINGS SHOW A HEALTHIER AND FITTER FUTURE
26th September 2012 - FITNESS AUSTRALIA RESEARCHS MEDICAL AND EXERCISE REFERRALS
31st July 2010 - FITNESS LEADERS CALL FOR GOVERNMENT FINANCIAL INCENTIVES FOR WEIGHT LOSS
7th August 2009 - FITNESS AUSTRALIA LOBBIES ALP ON INDUSTRY ISSUES
Support our industry news service
We hope that you value the news that we publish so while you're here can we ask for your support?
As an independent publisher, we need reader support for our industry news gathering so ask that - if you don't already do so - you back us by subscribing to the printed Australasian Leisure Management magazine and/or our online news.
The Complete Guide to Leisure Industry Products & Services.
About: Momentus Technologies is a global provider of industry-leading venue and event management solutions that empower organizations to create extraordinary moments. With over 50,000 users in more…
read moreTechnogym is the leading company in the Wellness and Fitness field all over the world. With 2,200 employees, 14 branches in Europe, U.S., South America, Asia and Australia, Technogym exports its…
read moreAs of the 1st July 2018, Enta Australasia Pty Ltd/Best Union has been rebranded as Vivaticket Pty Ltd. Vivaticket is the ideal strategic partner for the organisation and management of your…
read moreAUSTRALIAN MADE. FIT FOR PURPOSE. Based on the Gold Coast, AlphaFit is a leading manufacturer and supplier of Australian gym equipment specifically for the commercial, strength and conditioning,…
read moreABOUT SPORTENG specialises in the Planning, Design and Construction inspection of Fields of Play for all sports. Blending engineering with the specialist knowledge gained from working closely with…
read moreGeoff Ninnes Fong & Partners (GNFP) is a structural, aquatic and civil engineering consultancy with broad experience in the design of new municipal and institutional swimming pools, hydrotherapy…
read moreAdvanced Aquarium Technologies (AAT) is a world leader in the design, construction, and operation of landmark public aquariums. Led from Queensland, AAT has delivered aquarium projects in over 25…
read moreDigonex is a leading provider of customised dynamic pricing solutions to clients in arts and entertainment, sport, attractions, cultural institutions and retail sectors. Digonex’s technology is…
read moreGet your business noticed in our targeted directory. Viewed by 10,000 industry professionals per week!