Taxation Laws Amendment (FBT Cost of Compliance) Act 1995 (145 of 1995)
Schedule 5 OTHER AMENDMENTS OF THE FRINGE BENEFITS TAX ASSESSMENT ACT 1986
32 After section 132
Insert:
Written evidence not available when return lodged
"132A.(1) This section applies if:
(a) a provision of this Act requires documentary evidence of an
expense to be given to, or obtained by, an employer before the
declaration date for an employer for an FBT year; and
(b) at the date of lodgment of the employer's return of the fringe
benefits taxable amount for the FBT year:
(i) the employer has not been given, or has not obtained, the
documentary evidence;
but:
(ii) the employer has good reason to expect that he or she will be
given, or will obtain, that evidence within a reasonable time.
"(2) If this section applies:
(a) the employer may complete his or her return as if the documentary
evidence had been given to, or obtained by, him or her by the date of
lodgment; and
(b) if the evidence is given to, or obtained by, the employer within
a reasonable time-this Act applies as if the documentary evidence had
been given to, or obtained by, the employer before the declaration
date; and
(c) if the evidence is not given to, or obtained by, the employer
within a reasonable time-the employer must notify the Commissioner in
writing that the evidence has not been obtained.".