Commonwealth Numbered Acts

FRINGE BENEFITS TAX ASSESSMENT ACT 1986 No. 39 of 1986 - SECT 13

13. (1) The following provisions apply for the purpose of determining the base
value of a car for the purposes of section 9 or the operating cost of a car
for the purposes of section 10.

(2) Where the amount (if any) of expenditure incurred by a person under a
transaction that is not an arm's length transaction is less than the amount
(in this sub-section referred to as the "increased amount") of expenditure
that could reasonably have been expected to have been incurred by the person
under the transaction if it had been an arm's length transaction, the person
shall be deemed, under the transaction, to have incurred the increased amount
of expenditure.

(3) The reference in sub-section (2) to expenditure does not include a
reference to expenditure by a recipient of a car benefit in relation to the
car by way of reimbursement of expenditure incurred by another person.

(4) Where, in a case to which sub-section (2) does not apply-

   (a)  a person acquires any property, or is provided with any benefit; and

   (b)  the person incurs no expenditure in respect of the acquisition of that
        property or the provision of that benefit, the person shall be deemed
        to have incurred, in respect of the acquisition of that property or
        the provision of that benefit, expenditure equal to the amount that
        the person could reasonably be expected to have been required to pay
        to purchase that property, or obtain the provision of that benefit, on
        the open market.