Commonwealth Consolidated Acts Commonwealth Consolidated Acts Subject to this Part, the taxable value in relation to a year of
tax of an external expense payment fringe benefit provided during the year of
tax is the amount of the payment referred to in paragraph 20(a), or the
reimbursement referred to in paragraph 20(b), as the case requires,
reduced, in a case to which paragraph 20(a) applies, by the amount of
the recipients contribution.