Fringe Benefits Tax Assessment Act 1986

PART III - FRINGE BENEFITS  

Division 2 - Car fringe benefits  

Subdivision A - Car benefits  

SECTION 8A   EXEMPT CAR BENEFITS: CARS THAT ARE ZERO OR LOW EMISSIONS VEHICLES  

8A(1)    
A car benefit is an exempt benefit in relation to a year of tax if:

(a)    the benefit is provided in the year of tax in respect of the employment of a current employee; and

(b)    the car is a zero or low emissions vehicle when the benefit is provided; and

(c)    no amount of luxury car tax (within the meaning of the A New Tax System (Luxury Car Tax) Act 1999 ) has become payable on a supply (within the meaning of that Act) or importation (within the meaning of that Act) of the car before the benefit is provided.

8A(2)    
A zero or low emissions vehicle is:

(a)    a battery electric vehicle; or

(b)    

a hydrogen fuel cell electric vehicle; or

(c)    

a plug-in hybrid electric vehicle.

8A(3)    
A battery electric vehicle is a motor vehicle that:

(a)    uses only an electric motor for propulsion; and

(b)    is fitted with neither a fuel cell nor an internal combustion engine.

8A(4)    
A hydrogen fuel cell electric vehicle is a motor vehicle that:

(a)    uses an electric motor for propulsion; and

(b)    is equipped with a fuel cell for converting hydrogen to electricity; and

(c)    is not fitted with an internal combustion engine.

8A(5)    


A plug-in hybrid electric vehicle is a motor vehicle that:

(a)    uses an electric motor for propulsion; and

(b)    takes and stores energy from an external source of electricity; and

(c)    is fitted with an internal combustion engine for either or both of the following:


(i) the generation of electrical energy;

(ii) propulsion of the vehicle.




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