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Edited version of your written advice
Authorisation Number: 1012941744614
Date of advice: 28 January 2016
Ruling
Subject: Taxation Administration Act 1953
Question 1
Is the entity required to withhold an amount under Taxation Administration Act 1953 (TAA)?
Answer
The entity is not required to withhold an amount under the TAA.
Question 2
Does the payment constitute a fringe benefit under the Fringe Benefits Assessment Act 1986 (FBT)?
Answer
The payment does not constitute a fringe benefit under the FBT.
Relevant legislative provisions
Taxation Administration Act 1953
Fringe Benefits Assessment Act 1986