Fringe Benefits Tax Assessment Act 1986
PART III
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FRINGE BENEFITS
Division 10A
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Car parking fringe benefits
The daily rate amount for a space is the amount that would be worked out using whichever of the following methods that the taxpayer chooses:
(a) the commercial parking station method;
(b) the market value method;
(c) the average cost method;
Subdivision C
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Statutory formula method
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spaces
SECTION 39FC
39FC
MEANING OF
DAILY RATE AMOUNT
The daily rate amount for a space is the amount that would be worked out using whichever of the following methods that the taxpayer chooses:
(a) the commercial parking station method;
(b) the market value method;
(c) the average cost method;
as the taxable value of the car parking fringe benefit for the space, if there were no recipients contribution.
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