Fringe Benefits Tax Assessment Act 1986
(a) makes an assessment of the tax payable by the employer for a year of tax; or
(b) determines that no tax is payable.
The employer ' s first return for the year of tax is treated as an assessment: see section 72 .105(2) [Calculation of credit]
The credit is equal to:
An employer can claim a credit under section 112A in some cases where the amount by reference to which an instalment is worked out reduces during the year of tax.105(3) [Liability to pay]
The making of the assessment or determination, and the resulting credit entitlement, do not affect the liability to pay an instalment.