Senate
Taxation Laws Amendment (Fbt Cost of Compliance) Bill 1995
Supplementary Explanatory Memorandum
(Circulated by authority of the Treasurer,the Hon Ralph Willis, MP)General outline and financial impact
Entertainment
Amends item 6 in Schedule 1 to confine the entitlement to a deduction under section 51AEA to employers who have provided meal entertainment fringe benefits.
Financial impact: Nil.
Living-away-from-home benefits
Removes the proposed living-away-from-home provisions contained in Schedule 2.
Financial impact: Nil.