Distributing Qantas Frequent Flyer Points Gained from Company Spending

yolo123456789 on 19/01/2023 - 11:46

Hi guys,

so we are in the process of getting a company credit card for qantas points and just wondering is the proper way or best way to set up is to get a business qantas frequent flyer account and all the points earned goes in there, then just distribute/transfer the points out to the partners personal account? or is there any other way people do it?

and on top of this, does points earned through the company credit card need to be declared somehow as income? I don't know how this would be calculated, but just thinking along line of fringe benefit tax. Sorry it might be completely not related, but just want to make sure I'm doing everything correctly thanks

Travel Credit Card Frequent Flyer Qantas Frequent Flyer Reward Points

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randomusername2017 on 19/01/2023 - 12:23

Global QBR account(few cc sign up offers atm also)- easy unrestricted transfer out and the opportunity to double dip on points for flight bookings. There was also an offer of bonus points for linking staff to QBR account.
bemybubble on 19/01/2023 - 12:41

From memory the only issues with frequent flyer points is FBT. Only kicks in after 250k points.
- daft009 on 21/01/2023 - 02:43
  
  Very easy to cross that with company spend. Perhaps even cross that in a month
  
  I think FBT is hard as it's very hard to put a dollar value on the points
  - bemybubble on 21/01/2023 - 06:19
    
    https://www.ato.gov.au/law/view/document?docid=psr/ga20044/n…
    - daft009 on 21/01/2023 - 06:41
      
      Yeah hard as I said, unless you redeem for gift cards which have a defined dollar value
      
      Read the examples

Distributing Qantas Frequent Flyer Points Gained from Company Spending

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