Treasury Laws Amendment (Tax Reform No. 1) Act 2026 (49 of 2026)

Schedule 4   Standard deduction for work-related expenses

Part 2   Amendment of the Fringe Benefits Tax Assessment Act 1986

Fringe Benefits Tax Assessment Act 1986

18   After subsection 24(1)

Insert:

(1A) Subsection (1) does not apply in relation to the recipient of an expense payment fringe benefit in relation to a year of tax if:

(a) the benefit is provided to the recipient under a salary packaging arrangement; and

(b) the gross deduction would be a kind of deduction mentioned in any of paragraphs 25-130(2)(c) to (g) of the Income Tax Assessment Act 1997.