INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)
This section does not apply to a meal provided in the 1997-98 year of income or a later year of income.
Section 32-70 of the Income Tax Assessment Act 1997 is about when amounts are included in your assessable income for meals provided to persons in an in-house dining facility.
(a) the taxpayer incurs a loss or outgoing in a year of income in respect of the provision of entertainment, being a loss or outgoing in respect of the provision of a meal (not being a meal provided at a party, reception or other social function) on a working day to a person other than:
(i) in any case - an employee of the taxpayer; or
in an in-house dining facility of the taxpayer;
(ii) if the taxpayer is a company - an employee of the taxpayer or of a company that is related to the taxpayer;
(b) the loss or outgoing is deductible under section 51 ; and
(c) but for subparagraph 51AE(5)(f)(i) , the loss or outgoing would not be deductible under section 51 ,
the assessable income of the taxpayer of the year of income shall include, in respect of the meal, $30.26AAAC(2) [Interpretation]
An expression used in this section and in section 51AE has the same meaning in this section as in that section.