Document background
This Client Entertainment Policy is designed to provide clear guidelines for organizations operating in Australia regarding the management of client entertainment activities. The document becomes necessary when organizations need to establish consistent practices for client entertainment while ensuring compliance with Australian tax laws, anti-bribery regulations, and corporate governance requirements. It includes specific provisions addressing Fringe Benefits Tax implications, spending thresholds, approval hierarchies, and documentation requirements. The policy helps organizations maintain professional relationships with clients while managing risks and ensuring proper governance of entertainment expenses. It is particularly relevant in the current regulatory environment where transparency and accountability in business relationships are increasingly scrutinized by Australian authorities.
