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

Schedule 5   OTHER AMENDMENTS OF THE FRINGE BENEFITS TAX ASSESSMENT ACT 1986

58   Paragraph 162G(1)(a)

Omit the paragraph, substitute:

"(a) none of the previous 4 years was a log book year of tax of the

employer in relation to the car;

Note: This paragraph will apply if it is the first year that the

employer uses the cost basis Note: method.".