Fringe benefits tax: for the purposes of section 39A of the Fringe Benefits Tax Assessment Act 1986 (FBTAA) what is the car parking threshold for the fringe benefits tax (FBT) year commencing on 1 April 1999?
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FOI status:may be releasedFOI number: I 1019763
1. The car parking threshold for the FBT year commencing on 1 April 1999 is $5.31. This replaces the amount of $5.25 that applied in the previous year.
2. The car parking threshold set in this Determination has been ascertained by adjusting the previous year amount ($5.25) by a factor equivalent to the movement in the All Groups Consumer Price Index (1.2 percent).
3. Section 39A of the FBTAA sets out a number of conditions that must be met before car parking facilities provided by an employer to an employee will be subject to FBT.
4. One of these conditions is that there is a commercial car parking station located within 1 kilometre of the employer provided car park and the lowest fee charged by the operator is more than the car parking threshold. Where there is more than one commercial parking station located within 1 kilometre, the condition is satisfied where the lowest fee charged by any of the operators is more than the threshold. For example, if there are 3 commercial parking stations located within 1 kilometre of the employer provided car park and the lowest fee charged by each of the operators on 1 April 1999 is $4.00, $4.50 and $5.50. The condition is satisfied because the lowest fee charged by one of the operators on 1 April 1999 is more than the car parking threshold.
Commissioner of Taxation
2 June 1999
No draft issued
BO Cell 202-99
Car parking benefits
car parking fringe benefits
car parking threshold
FBT commercial parking station
FBT motor vehicle parking
fringe benefits tax
|You are here||2 June 1999||Original ruling|
|4 May 2016||Withdrawn|