Taxation Determination

TD 2001/6

Fringe benefits tax: for the purposes of Section 135C of the Fringe Benefits Tax Assessment Act 1986 (FBTAA) what is the exemption threshold for the fringe benefits tax (FBT) year commencing on 1 April 2001?

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FOI status:

may be releasedFOI number: I 1024843

The number, subject heading, date of effect and paragraphs 1 of this Taxation Determination is a 'public ruling' for the purposes of Part IVAAA of the Taxation Administration Act 1953 and are legally binding on the Commissioner. The remainder of the Determination is administratively binding on the Commissioner. Taxation Rulings TR 92/1 and TR 97/16 together explain how a Determination is legally or administratively binding.
Date of effect
This determination applies for the FBT year commencing on 1 April 2001. However, this Determination does not apply to taxpayers to the extent that it conflicts with the terms of settlement of a dispute agreed to before the date of the Determination (see paragraphs 21 and 22 of Taxation Ruling TR 92/20).

1. The exemption threshold for the FBT year commencing on 1 April 2001 is $5,505. This replaces the amount of $5,268 that applied in the previous year.

2. Two conditions must be satisfied for the record keeping exemption arrangements to apply to an employer for an FBT year. The first condition requires a base year to be established.

3. Section 135C sets out a number of conditions that must be met before an FBT year is a base year of an employer.

4. One of the conditions is that the aggregate fringe benefits amount in the base year does not exceed the exemption threshold.

5. The exemption threshold set in this Determination has been ascertained by applying an indexation factor of 1.045 (reflecting the movement in the All Groups Consumer Price Index for the eight capital cities for the year ending 31 December 2000) to the previous year's threshold.

Commissioner of Taxation
26 April 2001

Not previously issued in draft form


ATO references:
NO T2000/007529

ISSN: 1038-8982

Related Rulings/Determinations:

TD 1999/28
TD 2000/22

Subject References:
record keeping exemption arrangements
exemption threshold
fringe benefits tax, base year
record-keeping requirements

Legislative References:
FBTAA 1986 135C

TD 2001/6 history
  Date: Version: Change:
You are here 26 April 2001 Original ruling  
  11 May 2016 Withdrawn