FRINGE BENEFITS TAX ASSESSMENT ACT 1986

PART III - FRINGE BENEFITS  

Division 5 - Expense payment fringe benefits  

Subdivision B - Taxable value of expense payment fringe benefits  

SECTION 23   23   TAXABLE VALUE OF EXTERNAL EXPENSE PAYMENT FRINGE BENEFITS  

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.