FRINGE BENEFITS TAX ASSESSMENT ACT 1986

PART III - FRINGE BENEFITS  

Division 13 - Miscellaneous exempt benefits  

SECTION 58R   58R   EXEMPT BENEFITS - SAFETY AWARDS  


Where:


(a) one or more safety award benefits are provided in, or in respect of, a year of tax in respect of the employment of an employee of an employer; and


(b) the notional taxable value of that safety award benefit, or the sum of the notional taxable values of those safety award benefits, in relation to that year of tax, does not exceed $200;

the safety award benefit, or the safety award benefits, as the case may be, are exempt benefits in relation to that year of tax.




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