FRINGE BENEFITS TAX ASSESSMENT REGULATIONS 2018

PART 2 - EXCLUDED FRINGE BENEFITS  

SECTION 10   EXCLUDED FRINGE BENEFIT - POOLED OR SHARED CARS  

10(1)    
A fringe benefit is prescribed for the purposes of paragraph 5E(3)(i) of the Act if:

(a) the benefit is a car fringe benefit; and

(b) the car to which the benefit relates is applied to or available for the private use of more than one employee under subsection 7(1) of the Act.

Example:

An employer makes one car available to 3 employees, for private use, at different times during the year of tax.

10(2)    
The fringe benefit is so prescribed for each employee to whom the benefit is provided.