Treasury Legislation Amendment (Repeal Day) Act 2015 (2 of 2015)

Schedule 2   Consolidation and repeal of tax provisions

Part 3   Repeals of penalty tax provisions

Division 1   Amendments

Fringe Benefits Tax Assessment Act 1986

87   Subsection 136(1) (definition of assessment )

Repeal the definition, substitute:

assessment means the ascertainment of the fringe benefits taxable amount of an employer of a year of tax and of the tax payable on that amount.