During the 2015/16 FBT year, ABC Pty Ltd provided its employee with two fringe benefits:

a) The company loaned the employee $75,000 at 2.5% pa interest. The loan existed for the full FBT year and the employee used the money to buy shares in Bluescope Steel Ltd.

b) Secondly, the company paid $10,000 towards emergency accommodation when the employees house burnt down in the 2016 bush fires.

Required:

Calculate the FBT payable (if any) on these two benefits. You must refer to sections in the relevant Tax Act