INCOME TAX ASSESSMENT ACT 1997

CHAPTER 2 - LIABILITY RULES OF GENERAL APPLICATION  

PART 2-5 - RULES ABOUT DEDUCTIBILITY OF PARTICULAR KINDS OF AMOUNTS  

Division 32 - Entertainment expenses  

Subdivision 32-F - Special rules for companies and partnerships  

SECTION 32-80   32-80   Company directors  


In the case of a company, these provisions cover directors of the company as if they were the company's employees:
  • · item 1.1 (exception for * in-house dining facilities) of the table in section 32-30 ;
  • · item 1.2 (exception for * in-house dining facilities) of the table in section 32-30 ;
  • · item 1.3 (exception for * dining facilities) of the table in section 32-30 ;
  • · item 1.5 (exception for recreational facilities) of the table in section 32-30 ;
  • · item 1.8 (exception for providing your employee with an allowance) of the table in section 32-30 ;
  • · section 32-55 (which defines in-house dining facility );
  • · subsection 32-65(3) (which defines business meeting ).

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