Commonwealth Consolidated Acts

FRINGE BENEFITS TAX ASSESSMENT ACT 1986 - SECT 135B

  (1)   This section has 2 conditions that must be satisfied for Division   3 to apply to an employer for an FBT year (the current year ).

First condition: base year established

  (2)   Either of the following must be true:

  (a)   the FBT year immediately before the current year was a base year (see section   135C) of the employer; or

  (b)   some other FBT year before the current year was a base year of the employer and section   135G applied to the employer for every FBT year after that base year but before the current year.

Second condition: no Commissioner's notice in previous year

  (3)   The employer must not have been given a paragraph   135E(2)(c) notice by the Commissioner during the FBT year immediately before the current year.