(1) This section applies to the temporary budget repair levy years for FBT (within the meaning of section 6A of the Fringe Benefits Tax Act 1986 ).
Modification for aggregate non - exempt amount
(2) The method statement in subsection 5B(1E) has effect as if:
(a) each reference in that method statement to $17,000 was instead a reference to $17,667; and
(b) the reference in that method statement to $30,000 was instead a reference to $31,177.
Modified rebate for certain not - for - profit employers
(3) The method statement in subsection 65J(2B) has effect as if the reference in that method statement to $30,000 was instead a reference to $31,177.
Note: The FBT rate is increased by 2 percentage points in the temporary budget repair levy years for FBT: see section 6A of the Fringe Benefits Tax Act 1986 .