Taxation Determination

TD 94/97A

Fringe benefits tax: what does the phrase 'customary for employers in the industry' mean in relation to the provision of fringe benefits to employees?

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Addendum

This Addendum amends Taxation Determination TD 94/97 to clarify the circumstances under which the phrase 'customary for employers in the industry' appears in the Fringe Benefits Tax Assessment Act 1986.

TD 94/97 is amended as follows:

1 Paragraph 1

Omit 'sections 29 and 142 dealing with remote area housing fringe benefits'; substitute

'section 58ZC which exempts benefits for remote area housing section 142 which deals with the concessional treatment associated with remote area benefits.'

Commissioner of Taxation
4 October 2006

References

ATO references:
NO 2005/18404