Fringe Benefits Tax Assessment Act 1986 - Federal Register of Legislation

Division 1—Preliminary

6 Part not to limit generality of benefit

Division 2—Car fringe benefits

Division 3—Debt waiver fringe benefits

Subdivision A—Debt waiver benefits

14 Debt waiver benefits

Subdivision B—Taxable value of debt waiver fringe benefits

15 Taxable value of debt waiver fringe benefits

Division 4—Loan fringe benefits

Subdivision A—Loan benefits

Subdivision B—Taxable value of loan fringe benefits

Division 5—Expense payment fringe benefits

Subdivision A—Expense payment benefits

Subdivision B—Taxable value of expense payment fringe benefits

Division 6—Housing fringe benefits

Subdivision A—Housing benefits

25 Housing benefits

Subdivision B—Taxable value of housing fringe benefits

Division 7—Living away from home allowance fringe benefits

Subdivision A—Living away from home allowance benefits

30 Living away from home allowance benefits

Subdivision B—Taxable value of living away from home allowance fringe benefits

Subdivision C—Related provisions

Division 9—Board fringe benefits

Subdivision A—Board benefits

35 Board benefits

Subdivision B—Taxable value of board fringe benefits

Division 9A—Meal entertainment

Subdivision A—Meal entertainment

Subdivision B—50/50 split method of valuing meal entertainment

Subdivision C—12 week register method

Division 10—Tax exempt body entertainment fringe benefits

Subdivision A—Tax exempt body entertainment benefits

38 Tax exempt body entertainment benefits

Subdivision B—Taxable value of tax exempt body entertainment fringe benefits

39 Taxable value of tax exempt body entertainment fringe benefits

Division 10A—Car parking fringe benefits

Subdivision A—Car parking benefits

Subdivision B—Taxable value of car parking fringe benefits

Subdivision C—Statutory formula method—spaces

Subdivision D—12 week record keeping method

Division 11—Property fringe benefits

Subdivision A—Property benefits

Subdivision B—Taxable value of property fringe benefits

Division 12—Residual fringe benefits

Subdivision A—Residual benefits

Subdivision B—Taxable value of residual fringe benefits

Division 13—Miscellaneous exempt benefits

53 Motor vehicle fringe benefit fuel etc. to be exempt in certain cases

54 Provision of food or drink to be exempt benefit in certain cases

55 Benefits provided by certain international organisations to be exempt

56 Preservation of diplomatic and consular immunities

57 Exempt benefits—employees of religious institutions

57A Exempt benefits—public benevolent institutions, health promotion charities, some hospitals and public ambulance services

58 Exempt benefits—live in residential care workers

58A Exempt benefits—employment interviews and selection tests

58AA Exempt benefits—engagement of relocation consultant

58B Exempt benefits—removals and storage of household effects as a result of relocation

58C Exempt benefits—sale or acquisition of dwelling as a result of relocation

58D Exempt benefits—connection or re connection of certain utilities as a result of relocation

58E Exempt benefits—leasing of household goods while living away from home

58F Exempt benefits—relocation transport

58G Exempt benefits—motor vehicle parking

58GA Exempt benefits—small business car parking

58H Exempt benefits—newspapers and periodicals used for business purposes

58J Exempt benefits—compensable work related trauma

58K Exempt benefits—in house health care facilities

58L Exempt benefits—certain travel to obtain medical treatment

58LA Exempt benefits—compassionate travel

58M Exempt benefits—work related medical examinations, work related medical screening, work related preventative health care, work related counselling, migrant language training

58N Exempt benefits—emergency assistance

58P Exempt benefits—minor benefits

58PA Exempt benefits—worker entitlement contributions

58PB Meaning of approved worker entitlement funds

58Q Exempt benefits—long service awards

58R Exempt benefits—safety awards

58S Exempt benefits—trainees engaged under Australian Traineeship System

58T Exempt benefits—live in domestic workers employed by religious institutions or by religious practitioners

58U Exempt benefits—live in help for elderly and disadvantaged persons

58V Exempt benefits—food and drink for non live in domestic employees

58W Exempt benefits—deposits under the Small Superannuation Accounts Act 1995

58X Exempt benefits—provision of certain work related items

58Y Exempt benefits—membership fees and subscriptions

58Z Exempt benefits—taxi travel

58ZB Exempt benefits—approved student exchange programs

58ZC Exempt benefits—remote area housing benefits

58ZD Exempt benefits—meals on working days

58ZE Exempt benefits—provision of certain education or training

Division 14—Reduction of taxable value of miscellaneous fringe benefits

59 Reduction of taxable value—remote area residential fuel

60 Reduction of taxable value—remote area housing

60AA Guideline price for repurchase of remote area residential property

60A Reduction of taxable value—remote area holiday transport fringe benefits subject to ceiling

61 Reduction of taxable value—remote area holiday transport fringe benefits not subject to ceiling

61A Reduction of taxable value—overseas employment holiday transport

61B Reduction of taxable value of certain expense payment fringe benefits in respect of relocation transport

61C Reduction of taxable value—temporary accommodation relating to relocation

61D Reduction of taxable value of temporary accommodation meal fringe benefits

61E Reduction of taxable value of certain expense payment fringe benefits in respect of employment interviews or selection tests

61F Reduction of taxable value of certain expense payment fringe benefits associated with work related medical examinations, work related medical screenings, work related preventative health care, work related counselling or migrant language training

61G Reduction of taxable value of fringe benefits if certain deductions relating to payments to associates are not allowed

62 Reduction of aggregate taxable value of in house fringe benefits

63 Reduction of taxable value of living away from home food fringe benefits

63A Reduction of taxable value in respect of entertainment component of certain fringe benefits

65A Reduction of taxable value—education of children of overseas employees

Division 14A—Amortisation of taxable value of fringe benefits relating to remote area home ownership schemes

65CA Amortisation of taxable value of fringe benefits relating to remote area home ownership schemes

65CB Amendment of assessments

Division 14B—Reducible fringe benefits relating to remote area home repurchase schemes

65CC Reducible fringe benefits relating to remote area home repurchase schemes

Division 15—Car substantiation rules for otherwise deductible provisions

65D Car substantiation rules

65E No compliance with substantiation rules in log book year of tax unless log book records and odometer records are maintained

65F No compliance with substantiation rules in non log book year of tax unless log book records kept in previous log book year of tax

Federal Register of Legislation

Scheduled Maintenance Friday 1 May

Fringe Benefits Tax Assessment Act 1986No. 39, 1986

Scheduled Maintenance Friday 1 May

Fringe Benefits Tax Assessment Act 1986No. 39, 1986

Legislation text