Commonwealth Numbered Acts

TAXATION LAWS AMENDMENT (FRINGE BENEFITS AND SUBSTANTIATION) ACT 1987

TABLE OF PROVISIONS

           Long Title

   1.      Short title  
   2.      Commencement  
   3.      Principal Act  
   4.      Exempt car benefits  
   5.      Taxable value of car fringe benefits-statutory formula  
   6.      Taxable value of car fringe benefits-cost basis  
   7.       
   8.      Calculation of depreciation and interest  
   9.      Taxable value of debt waiver fringe benefits  
   10.     Exempt loan benefits  
   11.     Taxable value of loan fringe benefits  
           12. Reduction of taxable value-''otherwise deductible'' rule  
   13.     Exempt accommodation expense payment benefits  
   14.     Exempt car expense payment benefits  
   15.      
   16.     Taxable value of external expense payment fringe benefits  
           17. Reduction of taxable value-''otherwise deductible'' rule  
   18.      Taxable value of non-remote housing fringe benefits  
   19.     Indexation factor for valuation purposes-non-remote housing  
   20.     Taxable value of remote area accommodation  
   21.      
   22.     Living-away-from-home allowance benefits  
   23.     Taxable value of living-away-from-home allowance fringe benefits  
           24. Reduction of taxable value-''otherwise deductible'' rule  
           25. Reduction of taxable value-''otherwise deductible'' rule  
   26.      Taxable value of tax-exempt body entertainment fringe benefits  
           27. Reduction of taxable value-''otherwise deductible'' rule  
   28.      Exempt residual benefits  
           29. Reduction of taxable value-''otherwise deductible'' rule  
   30.      Heading to Division 13 of Part III  
   31.     Exempt benefits-employees of religious institutions  
   32.      
   33.     Exempt benefits-live-in residential care workers  
   34.      
   35.     Reduction of taxable value-remote area residential fuel  
   36.     Reduction of taxable value-remote area housing  
   37.      
   38.     Reduction of taxable value-remote area holiday transport fringe benefits not subject to ceiling  
   39.      
   40.     Reduction of aggregate taxable value of certain fringe benefits  
   41.     Reduction of taxable value of living-away-from-home food fringe benefits  
   42.      
   43.     Application of payments of instalments of tax  
   44.     Notional tax amount  
   45.      
   46.     Retention of statutory evidentiary documents  
   47.      
   48.     Interpretation  
   49.      
   50.     Housing loans, prescribed interests in land or stratum units and proprietary rights in respect of dwellings  
   51.      
   52.     Remote area housing  
   53.      
   54.     Remote area holiday transport  
   55.      
   56.     Residual benefits to include provision of property in certain circumstances  
   57.     Associates and relatives  
   58.     Business journeys in car  
   59.     Holding of car  
   60.      
   61.     Application of amendments  
   62.     Amendment of assessments  
   63.     Principal Act  
   64.     Deductions not allowable for entertainment expenses  
   65.     Deductions not allowable where expenses incurred by employee are reimbursed  
   66.      
   67.     Interpretation  
   68.      
   69.     Log book year of income  
   70.     Deduction for car expenses where income-producing use does not exceed 5,000 kilometres-statutory formula  
   71.     Elections  
   72.     Aggregate claims not exceeding a certain amount  
   73.      
   74.     Application of amendments  
   75.     Amendment of assessments