Tax Laws Amendment (Repeal of Inoperative Provisions) Act 2006 (101 of 2006)

Schedule 5   Inoperative Acts repealed on Royal Assent

Part 2   Consequential amendments

Fringe Benefits Tax Assessment Act 1986

119   Subsection 136(1) (subparagraph (a)(i) of the definition of cost price )

Repeal the subparagraph, substitute:

(i) where the car was manufactured by the person - the amount for which the car could reasonably have been expected to have been sold by the person by wholesale under an arm's length transaction at or about the time when the car was applied to the person's own use; or