Fringe Benefits Tax Assessment Act 1986

Submitted by Richard_Li on Fri, 02/17/2023 - 00:42

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Distinguished Terms in this instrument

Term(s)	Definition	Defined in Legislation	See Section(s)
benchmark interest rate	:	Fringe Benefits Tax Assessment Act 1986	Fringe Benefits Tax Assessment Act 1986 - 136 Interpretation
benefit	includes any right (including a right in relation to, and an interest in, real or personal property), privilege, service or facility and, without limiting the generality of the foregoing, includes a right, benefit, privilege, service or facility that is, or is to be, provided under:	Fringe Benefits Tax Assessment Act 1986	Fringe Benefits Tax Assessment Act 1986 - 136 Interpretation
board benefit	means a benefit referred to in section 35.	Fringe Benefits Tax Assessment Act 1986	Fringe Benefits Tax Assessment Act 1986 - 35 Board benefits Fringe Benefits Tax Assessment Act 1986 - 136 Interpretation
board fringe benefit	means a fringe benefit that is a board benefit.	Fringe Benefits Tax Assessment Act 1986	Fringe Benefits Tax Assessment Act 1986 - 136 Interpretation
board meal	means a meal provided, in respect of the employment of an employee of an employer, to a person (in this definition referred to as the recipient ), being the employee or an associate of the employee, where:	Fringe Benefits Tax Assessment Act 1986	Fringe Benefits Tax Assessment Act 1986 - 136 Interpretation
business journey	means:	Fringe Benefits Tax Assessment Act 1986	Fringe Benefits Tax Assessment Act 1986 - 136 Interpretation
business kilometre	, in relation to a car, means a kilometre travelled by the car in the course of a business journey.	Fringe Benefits Tax Assessment Act 1986	Fringe Benefits Tax Assessment Act 1986 - 136 Interpretation
business operations	, in relation to a government body or a non ‐ profit company, includes any operations or activities carried out by that body or company.	Fringe Benefits Tax Assessment Act 1986	Fringe Benefits Tax Assessment Act 1986 - 136 Interpretation
business premises	, in relation to a person, means premises, or a part of premises, of the person used, in whole or in part, for the purposes of business operations of the person, but does not include:	Fringe Benefits Tax Assessment Act 1986	Fringe Benefits Tax Assessment Act 1986 - 136 Interpretation
business use percentage	, for a car held by a person during a period (the holding period ) in an FBT year, means the percentage worked out using the formula:	Fringe Benefits Tax Assessment Act 1986	Fringe Benefits Tax Assessment Act 1986 - 136 Interpretation
car benefit	means a benefit referred to in subsection 7(1).	Fringe Benefits Tax Assessment Act 1986	Fringe Benefits Tax Assessment Act 1986 - 7 Car benefits Fringe Benefits Tax Assessment Act 1986 - 136 Interpretation
car expense	, in relation to a car, means an expense incurred in respect of:	Fringe Benefits Tax Assessment Act 1986	Fringe Benefits Tax Assessment Act 1986 - 136 Interpretation
car expense payment benefit	means an expense payment fringe benefit where the recipients expenditure is a Division 28 car expense.	Fringe Benefits Tax Assessment Act 1986	Fringe Benefits Tax Assessment Act 1986 - 136 Interpretation
car fringe benefit	means a fringe benefit that is a car benefit.	Fringe Benefits Tax Assessment Act 1986	Fringe Benefits Tax Assessment Act 1986 - 136 Interpretation
car loan benefit	means a loan fringe benefit where the loan was used by the recipient to:	Fringe Benefits Tax Assessment Act 1986	Fringe Benefits Tax Assessment Act 1986 - 136 Interpretation
car parking benefit	means a benefit referred to in section 39A.	Fringe Benefits Tax Assessment Act 1986	Fringe Benefits Tax Assessment Act 1986 - 39A Car parking benefits Fringe Benefits Tax Assessment Act 1986 - 136 Interpretation
car parking fringe benefit	means a fringe benefit that is a car parking benefit.	Fringe Benefits Tax Assessment Act 1986	Fringe Benefits Tax Assessment Act 1986 - 136 Interpretation
car property benefit	means a property fringe benefit where, if the recipient had incurred expenditure in respect of the provision of the recipients property, that expenditure would have been a Division 28 car expense.	Fringe Benefits Tax Assessment Act 1986	Fringe Benefits Tax Assessment Act 1986 - 136 Interpretation
car residual benefit	means a residual fringe benefit where, if the recipient had incurred expenditure in respect of the provision of the recipients benefit, that expenditure would have been a Division 28 car expense.	Fringe Benefits Tax Assessment Act 1986	Fringe Benefits Tax Assessment Act 1986 - 136 Interpretation
car substantiation declaration	, in relation to a car held by a person during a period (in this definition called the holding period ) in a year of tax, means a declaration, in a form approved by the Commissioner, for the purposes of paragraphs 19(1)(ca), 24(1)(ea), 44(1)(da) and 52(1)(da), in relation to the car in relation t	Fringe Benefits Tax Assessment Act 1986	Fringe Benefits Tax Assessment Act 1986 - 19 Reduction of taxable valueâ otherwise deductible rule Fringe Benefits Tax Assessment Act 1986 - 136 Interpretation