Commonwealth Numbered Acts

FRINGE BENEFITS TAX ASSESSMENT ACT 1986 No. 39 of 1986 - SECT 150

150. For the purposes of this Act, where, in respect of the employment of an
employee of an employer, the employee or an associate of the employee uses a
credit card issued by a third person to, or to an associate of, the employer
to obtain the provision of a benefit on credit from a fourth person, the
following provisions have effect:

   (a)  the fourth person shall be taken to have provided the benefit, in
        respect of that employment, under an arrangement between-

        (i)    the employer or the associate of the employer, as the case
               requires; and

        (ii)   the fourth person;

   (b)  where the employer or the associate of the employer, as the case may
        be, incurred expenditure to the third person under an arm's length
        transaction in respect of the provision of the benefit-the employer or
        the associate of the employer, as the case requires, shall be taken to
        have incurred that expenditure to the fourth person under an arm's
        length transaction.