Commonwealth Numbered Acts

FRINGE BENEFITS TAX ASSESSMENT ACT 1986 No. 39 of 1986 - SECT 109

109. In this Subdivision-

"employer's estimate", in relation to an employer, in relation to an
instalment of tax in relation to a standard year of tax, means the amount
shown in a statement by the employer under sub-section 112 (1) in relation to
the instalment as the employer's estimate of the tax that will be payable by
the employer in respect of the year of tax;

"estimated tax", in relation to an employer in relation to a standard year
of tax, means the amount determined, or last determined, as the case requires,
under sub-section 112 (2) or (3) as the estimated tax of the employer in
respect of the year of tax;

"penalty period", in relation to an instalment in relation to a standard
year of tax, means-

   (a)  in the case of a first instalment-the period commencing on 29 July in
        the year of tax and ending on 28 October in the year of tax;

   (b)  in the case of a second instalment-the period commencing on 29 October
        in the year of tax and ending on 28 January in the year of tax; or

   (c)  in the case of a third instalment-the period commencing on 29 January
        in the year of tax and ending on 28 April in the next succeeding
        year of tax;

"relevant fraction", in relation to an instalment, means-

   (a)  in the case of a first instalment-0.25;

   (b)  in the case of a second instalment-0.50; or

   (c)  in the case of a third instalment-0.75;