“Selectus Pty Ltd today announced the launch of an Anti- Money Laundering and Counter-Terrorism Financing compliant salary packaging card which also includes channel blocking to stop the fraudulent use of these cards (refer West Australian News)

The cards have been developed in conjunction with ANZ Bank, and are being offered to all Health Departments, Hospitals and PBI’s around Australia to assist their efforts to ensure their staff comply with ATO guidelines.

“Staff of public benevolent Institutions and not for profit organisations are allowed to “package” their salary using up to $16049 before tax is assessed as a means of compensating them for working in a relatively low-paid but essential service sector. These cards will ensure that their spending doesn’t breach the rules and helps their employers achieve best practice outcomes while also saving on administration costs “ said Selectus Chairman Tom Collins.
 
Selectus operates nation-wide in the Employee Benefits and salary packaging sector with offices in Melbourne Sydney Perth and Brisbane .