Taxation Laws Amendment (FBT Cost of Compliance) Act 1995 (145 of 1995)

Schedule 3 AMENDMENTS OF THE FRINGE BENEFITS TAX ASSESSMENT ACT 1986 RELATED TO EXEMPT BENEFITS

(1) The amendments made by item 1 of this Schedule apply to

assessments of the fringe benefits taxable amount of an employer of the

FBT year beginning on 1 April 1993 and of all later FBT years.

(2) The amendments made by item 2 of this Schedule apply:

(a) in relation to expense payment fringe benefits where the

recipients expenditure in relation to the benefit was incurred on or

after 1 April 1995; and

(b) in relation to any other fringe benefit where the benefit is in

relation to the FBT year beginning on 1 April 1995 or a later FBT year.

(3) The amendments made by item 3 of this Schedule apply to

assessments of the fringe benefits taxable amount of an employer of the

FBT year beginning on 1 April 1994 and of all later FBT years.