Taxation Laws Amendment Act (No. 8) 2000 (156 of 2000)

Schedule 3   Fringe benefits

A New Tax System (Goods and Services Tax) Act 1999

9   After subsection 69-5(3)

Insert:

(3A) An acquisition or importation is also a non-deductible expense to the extent that it is not deductible under Division 8 of the*ITAA 1997 because of one of the following:

(a) section 51AEA of the*ITAA 1936 (Meal entertainment - election to use the 50/50 split method);

(b) section 51AEB of the ITAA 1936 (Meal entertainment - election to use the 12 week register method);

(c) section 51AEC of the ITAA 1936 (Entertainment facility - election to use the 50/50 split method).