Commonwealth Numbered Acts

FRINGE BENEFITS TAX ASSESSMENT ACT 1986

TABLE OF PROVISIONS

           Long Title

   1.      Short title  
   2.      Commencement  
   3.      General administration of Act  
   4.      Annual report  
   5.      Secrecy  
           6. Part not to limit generality of ''benefit''  
   7.      Car benefits  
   8.      Exempt car benefits  
   9.      Taxable value of car fringe benefits-statutory formula  
   10.     Taxable value of car fringe benefits-cost basis  
   11.     Calculation of depreciation and interest  
   12.     Depreciated value  
   13.     Expenditure to be increased in certain circumstances  
   14.     Debt waiver benefits  
   15.     Taxable value of debt waiver fringe benefits  
   16.     Loan benefits  
   17.     Exempt loan benefits  
   18.     Taxable value of loan fringe benefits  
   19.     Reduction of taxable value  
   20.     Expense payment benefits  
   21.     Exempt accommodation expense payment benefits  
   22.     Exempt car expense payment benefits  
   23.     Taxable value of expense payment fringe benefits  
   24.     Reduction of taxable value  
   25.     Housing benefits  
   26.     Taxable value of non-remote housing fringe benefits  
   27.     Determination of market value of housing right  
   28.     Indexation factor for valuation purposes  
   29.     Taxable value of remote area accommodation  
   30.     Living-away-from-home allowance benefits  
   31.     Taxable value of living-away-from-home allowance fringe benefits  
   32.     Airline transport benefits  
   33.     Taxable value of airline transport fringe benefits  
   34.     Reduction of taxable value  
   35.     Board benefits  
   36.     Taxable value of board fringe benefits  
   37.     Reduction of taxable value  
   38.     Tax-exempt body entertainment benefits  
   39.     Taxable value of tax-exempt body entertainment fringe benefits  
   40.     Property benefits  
   41.     Exempt property benefits  
   42.     Taxable value of in-house property fringe benefits  
   43.     Taxable value of external property fringe benefits  
   44.     Reduction of taxable value  
   45.     Residual benefits  
   46.     Year of tax in which residual benefits taxed  
   47.     Exempt residual benefits  
   48.     Taxable value of in-house non-period residual fringe benefits  
   49.     Taxable value of in-house period residual fringe benefits  
   50.     Taxable value of external non-period residual fringe benefits  
   51.     Taxable value of external period residual fringe benefits  
   52.     Reduction of taxable value  
   53.     Motor vehicle fringe benefit fuel, &c., to be exempt in certain cases  
   54.     Provision of food or drink to be exempt benefit in certain cases  
   55.     Benefits provided by certain international organisations to be exempt  
   56.     Preservation of diplomatic and consular immunities  
   57.     Provision of benefits to employees of religious institutions to be exempt in certain cases  
   57A.    Provision of benefits to employees of public benevolent institutions to be exempt  
   58.     Provision of live-in residential accommodation, or residential fuel, to live- in residential care workers to be exempt benefits  
   59.     Taxable value of certain fringe benefits in respect of remote area residential fuel  
   60.     Reduction of taxable value of certain fringe benefits related to remote area housing  
   61.     Reduction of taxable value of certain fringe benefits in respect of remote area holiday transport  
   62.     Reduction of aggregate taxable value of certain fringe benefits  
   63.     Reduction of taxable value of living-away-from-home food fringe benefits  
   64.     Reduction of taxable value in respect of entertainment component of certain fringe benefits  
   65.     Reduction of taxable value in relation to expenditure on leisure facilities and travel with accompanying relatives  
   66.     Liability to pay tax  
   67.     Arrangements to avoid or reduce fringe benefits tax  
   68.     Annual returns  
   69.     Further returns  
   70.     Requirements for returns  
   71.     Certificate of sources of information  
   72.     First return deemed to be an assessment  
   73.     Default assessments  
   74.     Amendment of assessments  
   75.     Refund of amounts overpaid  
   76.     Amended assessment to be an assessment  
   77.     Notice of assessment  
   78.     Validity of assessment  
   79.     Interpretation  
   80.     Objections  
   81.     Reference to Board or Court  
   82.     Powers of Board  
   83.     Decision of Board  
   84.     Decision of Supreme Court  
   85.     Appeal or reference to Supreme Court  
   86.     Appeals from Supreme Court and Federal Court  
   87.     Practice and procedure of Supreme Court  
   88.     A pending reference or appeal not to affect payment of tax  
   89.     Adjustment of assessment after appeal  
   90.     When tax payable  
   91.     Taxpayer leaving Australia  
   92.     Extension of time and payment by instalments  
   93.     Penalty for unpaid tax  
   94.     Recovery of tax  
   95.     Substituted service  
   96.     Liquidators, &c.  
   97.     Recovery of tax from trustee of deceased employer  
   98.     Where no administration of deceased employer's estate  
   99.     Commissioner may collect tax from person owing money to person liable to tax  
   100.    Person in receipt or control of money of non-resident  
   101.    Interpretation  
   102.    Liability to pay instalments of tax  
   103.    When instalment of tax payable  
   104.    Application of payments of instalments of tax  
   105.    Unpaid instalments  
   106.    Notional tax amount  
   107.    Amount of instalment of tax  
   108.    Instalment statement  
   109.    Interpretation  
   110.    Notional tax amount  
   111.    Amount of instalment of tax  
   112.    Estimated tax  
   113.    Notice of alteration of amount of instalment  
   114.    Penalty for failure to furnish return  
   115.    Penalty for false or misleading statements  
   116.    Penalty tax where arrangement to avoid tax  
   117.    Assessment of additional tax  
   118.    Interpretation  
   119.    Unregistered tax agents not to charge fees  
   120.    Negligence of registered tax agents  
   121.    Preparation of returns, &c., on behalf of registered tax agents  
   122.    Advertising, &c., by persons other than registered tax agents  
   123.    Retention of statutory evidentiary documents  
   124.    Assessments  
   125.    Judicial notice of signature  
   126.    Evidence  
   127.    Access to premises, &c.  
   128.    Commissioner to obtain information and evidence  
   129.    Agents and trustees  
   130.    Recovery of tax paid on behalf of another person  
   131.    Right of contribution  
   132.    Records to be kept and preserved  
   133.    Release of employers in cases of hardship  
   134.    Service on partnerships and associations  
   135.    Regulations  
   136.     Interpretation  
   137.    Salary or wages  
   138.    Double counting of fringe benefits  
   139.    Date on which return furnished  
   140.    Eligible urban areas  
   141.    Housing loans  
   142.    Remote area housing  
   143.    Remote area holiday transport  
   144.    Deemed payment  
   145.    Consideration not in cash  
   146.    Amounts to be expressed in Australian currency  
   147.    Obligation to pay or repay an amount  
   148.    Provision of benefits  
   149.    Provision of benefit during a period  
   150.    Credit cards  
   151.    Employee performing services for person other than employer  
   152.    Provision of entertainment  
   153.    Residual benefits to include provision of property in certain circumstances  
   154.    Creation of property  
   155.    Use of property before title passes  
   156.    Supply of electricity or gas through reticulation system  
   157.    Christmas Island  
   158.    Related companies  
   159.    Associates  
   160.    Continuity of employment where business disposed of, &c.  
   161.    Business journeys in car  
   162.    References to holding of car  
   163.    Application of Act  
   164.    Residence  
   165.    Partnerships  
   166.    Unincorporated companies  
   167.    Offences by government bodies  
           SCHEDULE