Commonwealth Consolidated Acts

FRINGE BENEFITS TAX ASSESSMENT ACT 1986 - SECT 8A

  (1)   A car benefit is an exempt benefit in relation to a year of tax if:

  (a)   the benefit is provided in the year of tax in respect of the employment of a current employee; and

  (b)   the car is a zero or low emissions vehicle when the benefit is provided; and

  (c)   no amount of luxury car tax (within the meaning of the A   New Tax System (Luxury Car Tax) Act 1999 ) has become payable on a supply (within the meaning of that Act) or importation (within the meaning of that Act) of the car before the benefit is provided.

  (2)   A zero or low emissions vehicle is:

  (a)   a battery electric vehicle; or

  (b)   a hydrogen fuel cell electric vehicle; or

  (c)   a plug - in hybrid electric vehicle.

  (3)   A battery electric vehicle is a motor vehicle that:

  (a)   uses only an electric motor for propulsion; and

  (b)   is fitted with neither a fuel cell nor an internal combustion engine.

  (4)   A hydrogen fuel cell electric vehicle is a motor vehicle that:

  (a)   uses an electric motor for propulsion; and

  (b)   is equipped with a fuel cell for converting hydrogen to electricity; and

  (c)   is not fitted with an internal combustion engine.

  (5)   A plug - in hybrid electric vehicle is a motor vehicle that:

  (a)   uses an electric motor for propulsion; and

  (b)   takes and stores energy from an external source of electricity; and

  (c)   is fitted with an internal combustion engine for either or both of the following:

  (i)   the generation of electrical energy;

  (ii)   propulsion of the vehicle.