A New Tax System (Family Assistance) Act 1999
SchedulesSchedule 3 - Adjusted taxable income
Note: See section 3 .
An individual ' s adjusted fringe benefits total for an income year is the amount worked out using the formula:
|Section 57A employer
fringe benefits total
fringe benefits total
(a) each of the individual ' s reportable fringe benefits amounts for the income year under section 135P of the Fringe Benefits Tax Assessment Act 1986 ;
(b) each of the individual ' s reportable fringe benefits amounts for the income year under section 135Q of the Fringe Benefits Tax Assessment Act 1986 , to the extent that section relates to the individual ' s employment by an employer described in section 58 of that Act.
section 57A employer fringe benefits total
is the amount that is the sum of each of the individual ' s individual quasi-fringe benefits amounts for the income year under section 135Q of the Fringe Benefits Tax Assessment Act 1986 , to the extent that section relates to the individual ' s employment by an employer described in section 57A of that Act.
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