Commonwealth Numbered Regulations - Explanatory Statements

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FRINGE BENEFITS TAX REGULATIONS (AMENDMENT) 1993 NO. 105

STATUTORY RULES 1993 No. 105

ISSUED BY THE AUTHORITY OF THE ASSISTANT TREASURER

Fringe Benefits Tax Assessment Act 1986

Fringe Benefits Tax Regulations (Amendment)

These regulations amend the Fringe Benefits Tax Regulations by amending regulation 5 and regulation 11.

Regulation 5 currently specifies that the certificate required to be completed as to sources of information used in compiling the return are to be in accordance with Form 1 of Schedule 1. The information required to be furnished on the Form effectively compels tax agents to fully audit the client's fringe benefits tax affairs. Amended regulation 5 simplifies the certification needed and is consistent with the certification in subregulation 17(5) of the Income Tax Regulations.

Regulation 11 requires that an order given by the Commissioner where there is no administration of a deceased employer's estate is to take the form described in Form 2 of the Fringe Benefits Tax Regulations. The amended regulation 11 makes it clear that the reference is to Form 2 of Schedule 1 of the Regulations.

These regulations do not affect the rights of any person (other than the Commonwealth) in a manner prejudicial to that person, nor do they impose any liability on such a person.