Taxation Laws Amendment (FBT Cost of Compliance) Act 1995 (145 of 1995)

Schedule 1   MEAL ENTERTAINMENT AND ENTERTAINMENT FACILITIES

Part 1   AMENDMENT OF THE FRINGE BENEFITS TAX ASSESSMENT ACT 1986

3   Subsection 136(1)

Insert:

"entertainment facility leasing expenses, for a person, means

expenses incurred by the person in hiring or leasing:

(a) a corporate box; or

(b) boats, or planes, for the purpose of the provision of

entertainment; or

(c) other premises, or facilities, for the purpose of the provision

of entertainment;

but does not include so much of any of such expenses that is

attributable to:

(d) the provision of food or beverages; or

(e) is attributable to advertising and is an allowable deduction for

the person under the Income Tax Assessment Act 1936.

meal entertainment benefit means a benefit that is a meal entertainment

benefit because of section 37AC.

meal entertainment fringe benefit means a fringe benefit that is a meal

entertainment benefit.".