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

Schedule 5   OTHER AMENDMENTS OF THE FRINGE BENEFITS TAX ASSESSMENT ACT 1986

28   Section 123A

Repeal the section, substitute:

When business use percentage and estimate of business kilometres must

be specified

"123A. If a provision requires a business use percentage or an

estimate of the number of business kilometres to be specified, it must

be specified in writing on or before the declaration date for the FBT

year.".