Logbooks and records
Keeping a logbook of vehicle trips is required to comply with Fringe Benefits Tax legislation and is also crucial for identifying potential mechanical problems and for providing a record of the vehicle’s history when it is sold or replaced.
Fringe benefits tax records
For fringe benefits tax legislation compliance, records must be kept of:
- vehicle trips
- make, model and registration number
- odometer readings
- costs of operating the car.
Keeping records of maintenance tasks and repairs performed on a vehicle is important for scheduling maintenance, identifying potential problems, monitoring costs and to provide a record of the vehicle's history when it is sold or replaced.
Supported by the Community Sector Investment Fund (external link - opens in a new window).