EmailPrint | FRINGE BENEFITS TAX ACT 1986 SECTION 2 2 COMMENCEMENT This Act shall come into operation on the day on which the Fringe Benefits Tax Assessment Act 1986 comes into operation. View history note Hide history note History The Fringe Benefits Tax Act came into operation on 24 June 1986 (the date of operation of the Fringe Benefits Tax Assessment Act 1986 ).