Tax Laws Amendment (Repeal of Inoperative Provisions) Act 2006 (101 of 2006)

Schedule 5   Inoperative Acts repealed on Royal Assent

Part 2   Consequential amendments

Fringe Benefits Tax Assessment Act 1986

121   Subsection 136(1) (subparagraph (b)(i) of the definition of cost price )

Repeal the subparagraph, substitute:

(i) where the accessory was manufactured by the person who held the car at the time of the fitting - the amount for which the accessory could reasonably have been expected to have been sold under an arm's length transaction by the person by wholesale at or about the time when the accessory was applied to the person's own use; and


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