The cost can be exempt as either an exempt property benefit or an exempt minor benefit.
Exempt Property Benefits
Exempt Minor Benefits
(Applicable when the property benefits exemption doesn’t apply, i.e. because the party is held at a restaurant or separate venue).
Gifts are also considered separately from the Christmas party, so provided the cost of a gift and the party are each less than $300, then both would be exempt from FBT.
The minor benefits threshold of less than $300 applies to each benefit provided, not to the total value of all associated benefits.
The advice provided is general advice only as, in preparing it we did not take into account your investment objectives, financial situation or particular needs. Before making an investment decision on the basis of this advice, you should consider how appropriate the advice is to your particular investment needs, and objectives. You should also consider the relevant Product Disclosure Statement before making any decision relating to a financial product.