Tax Laws Amendment (2011 Measures No. 5) Act 2011 (62 of 2011)

Schedule 5  

Part 1   Amendments commencing on Royal Assent

Fringe Benefits Tax Assessment Act 1986

7   Subsection 136(1)

Insert:

annualised number of whole kilometres travelled during an FBT year, by a car in respect of which a car fringe benefit is provided during the FBT year, is the number calculated in accordance with the following formula: