Fringe Benefits Tax Assessment Act 1986
The substantiation rules do not apply in relation to a benefit if the nature and quality of evidence that a person has satisfies the Commissioner that the taxable value of the benefit is not greater than the amount specified in the taxpayer ' s return for the FBT year as the taxable value of that benefit.
123B(2)
(Omitted by No 145 of 1995)
123B(3)
The Commissioner may only make a decision under subsection (1) : (a) in the course of reviewing on the Commissioner ' s own motion the affairs of the employer; or (b) in considering an objection against the assessment of the employer of the year of tax; or (c) in considering whether to make an amendment of the assessment of the employer of the year of tax in response to a request made by the employer before the commencement of this section.
123B(4)
This section does not apply to a declaration made for the purposes of this Act.
123B(5)
(Repealed by No 38 of 2024)
123B(6)
This section applies to a benefit provided before, at or after the commencement of this section.
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