Taxation Determination

TD 2001/11

Fringe benefits tax: for the purposes of section 39A of the Fringe Benefits Tax Assessment Act 1986 (FBTAA) what is the car parking threshold for the fringe benefits tax (FBT) year commencing on 1 April 2001?

  • Please note that the PDF version is the authorised version of this ruling.
    This document has changed over time. View its history.

FOI status:

may be releasedFOI number: I 1024599

Preamble
The number, subject heading, date of effect and paragraphs 1 to 7 of this Taxation Determination are a 'public ruling' for the purposes of Part IVAAA of the Taxation Administration Act 1953 and are legally binding on the Commissioner. The remainder of the Determination is administratively binding on the Commissioner. Taxation Rulings TR 92/1 and TR 97/16 together explain how a Determination is legally or administratively binding.

1. The car parking threshold for the FBT year commencing on 1 April 2001 is $5.79. This replaces the amount of $5.46 that applied in the previous year.

2. The car parking threshold set in this Determination has been ascertained by adjusting the previous year amount ($5.46) by a factor equivalent to the movement in the All Groups Consumer Price Index (6.0 percent).

3. Section 39A of the FBTAA sets out a number of conditions that must be met before car parking facilities provided by an employer to an employee will be subject to FBT.

4. One of these conditions is that there is a commercial car parking station located within 1 kilometre of the employer provided car park and the lowest fee charged by the operator is more than the car parking threshold. Where there is more than one commercial parking station located within 1 kilometre, the condition is satisfied where the lowest fee charged by any of the operators is more than the threshold. For example, if there are 3 commercial parking stations located within 1 kilometre of the employer provided car park and the lowest fee charged by each of the operators on 1 April 2001 is $4.50, $5.00 and $6.00, the condition is satisfied because the lowest fee charged by one of the operators on 1 April 2001 is more than the car parking threshold.

Commissioner of Taxation
6 June 2001

Not previously issued in draft form

References

ATO references:
NO 2000/009189

ISSN: 1038-8982

Subject References:
car parking benefits
car parking fringe benefits
car parking threshold
FBT
FBT commercial parking station
FBT motor vehicle parking
fringe benefits tax

Legislative References:
FBTAA 39A

TD 2001/11 history
  Date: Version: Change:
You are here 6 June 2001 Original ruling  
  11 May 2016 Withdrawn