Fringe Benefits Tax Assessment Act 1986
PART III
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FRINGE BENEFITS
Division 10A
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Car parking fringe benefits
Subdivision D
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12 week record keeping method
SECTION 39GE
CHOOSING THE 12 WEEK PERIOD FOR A REGISTER
39GE(1)
[Period register must be kept]
The register must be kept for a continuous period of at least 12 weeks throughout which car parking benefits are provided to employees covered by the election.
39GE(2) [Period must be representative]The period for which the register is kept must be representative of usage for the first FBT year for which it is valid.
39GE(3) [Register not valid]If subsection (1) or (2) is not satisfied, the register is not valid.
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