Fringe Benefits Tax Assessment Act 1986
Subsection 132(1) (which requires certain records to be kept and retained) does not apply to the employer in relation to the employer's liability under this Act for the current year.135E(2) Records the employer must still keep.
However, subsection 132(1) still applies in relation to the employer's liability under this Act for the current year so far as it relates to the following:
(a) copies of records that an associate of the employer gives the employer under paragraph 132(2)(b) ;
(b) benefits provided at a time when the employer was:
(i) a government body (see subsection 136(1) ); or
(ii) a person all of whose income is exempt from income tax;
(c) benefits provided after the Commissioner has given the employer a written notice under this paragraph, during the current year, requiring the employer to resume keeping records.