Fringe Benefits Tax Assessment Act 1986
A residual fringe benefit that is covered by a no-private-use declaration is an exempt benefit.47A(2) [No-private-use declaration]
An employer may make a no-private-use declaration that covers all the employer's residual fringe benefits for an FBT year that are covered by a consistently enforced policy in relation to the use of the property that is the subject of the benefit that would result in the taxable value of the benefit being nil.47A(3) [Form of declaration]
The declaration must be in a form approved in writing by the Commissioner and be made by the declaration date.
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