Fringe Benefits Tax Assessment Act 1986

PART XIB - REPORTABLE FRINGE BENEFITS TOTALS  

SECTION 135N  

135N   EMPLOYEE'S REPORTABLE FRINGE BENEFITS TOTAL  
An employee's reportable fringe benefits total for a year of income is the sum of each of the employee's reportable fringe benefits amounts for the year of income in respect of the employee's employment by an employer.

Example:

Sylvia employs Angela, who has a reportable fringe benefits amount of $3,000 for the 1999-2000 year of income from her employment by Sylvia.

Angela is also an employee of Geoff, and has a reportable fringe benefits amount of $4,000 for that year of income from her employment by Geoff.

Angela's reportable fringe benefits total for the 1999-2000 year of income is $7,000.