TD 94/55A1 - Addendum
Income tax: when does providing an item of property constitute the provision of entertainment within the meaning of subsection 32-10(1) of the Income Tax Assessment Act 1997?
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Omit 'subsection 51AE(3) of the Income Tax Assessment Act 1936?'; substitute 'subsection 32-10(1) of the Income Tax Assessment Act 1997?'
Omit the paragraph; substitute:
1. Entertainment is defined in subsection 32-10(1) of the Income Tax Assessment Act 1997 (ITAA 1997) to mean:
- entertainment by way of food, drink or *recreation; or
- accommodation or travel to do with providing entertainment by way of food or drink or recreation.
- (*recreation is defined in section 995-1 of ITAA 1997 as including amusement, sport or similar leisure-time pursuits.)
Omit 'MT 2042'; insert 'TR 2007/12'.
Omit 'ITAA 51AE(3)'; substitute 'ITAA 1997 32-10(1)'.
This Addendum applies on and from 14 September 2006.
Commissioner of Taxation
31 August 2011