ABC Pty Ltd employs a team of 5 sales persons. During the 2020 FBT year, ABC Pty Ltd provided its employees with the following benefits:

• Use of a company car for private purposes
• Laptops and mobile phones used primarily for work
• A pair of sunglasses which cost $350 each to protect the employees' eyes when working outdoors

Required: You must refer to relevant law:

1. What is FBT and when does it become payable?

2. Analyze whether any FBT is payable on these benefits.