A New Tax System (Family Assistance) Act 1999

Schedules

Schedule 3 - Adjusted taxable income  

4   4   Adjusted fringe benefits total  


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
+ Other employer
fringe benefits total

where:

other employer fringe benefits total
is the amount that is the sum of the following:


(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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