FRINGE BENEFITS TAX ASSESSMENT ACT 1986

PART XIA - RECORD KEEPING EXEMPTION  

Division 2 - Conditions  

SECTION 135B   CONDITIONS THAT MUST BE SATISFIED  

135B(1)   [2 conditions]  

This section has 2 conditions that must be satisfied for Division 3 to apply to an employer for an FBT year (the current year ).

135B(2)   First condition: base year established.  

Either of the following must be true:


(a) the FBT year immediately before the current year was a base year (see section 135C ) of the employer; or


(b) some other FBT year before the current year was a base year of the employer and section 135G applied to the employer for every FBT year after that base year but before the current year.

135B(3)   Second condition: no Commissioner's notice in previous year.  

The employer must not have been given a paragraph 135E(2)(c) notice by the Commissioner during the FBT year immediately before the current year.




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