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FRINGE BENEFITS TAX ASSESSMENT ACT 1986 - SECT 135Y

Temporary budget repair levy

Application

  (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 .

 


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