Commonwealth Numbered Acts

FRINGE BENEFITS TAX ASSESSMENT ACT 1986 No. 39 of 1986 - SECT 155

155. (1) Subject to sub-section (2), where, under a transaction, the use of
property is obtained by a person for a period at the end of which the title to
the property will or may pass to the person, the property shall be deemed, for
the purposes of this Act, to have been provided to the person at the time when
the use of the property was obtained by the person.

(2) Property shall not be taken to have been provided to a person by virtue of
sub-section (1) if the period for which the person has the use of the property
terminates without the title to the property passing to the person, and
nothing in section 74 prevents the amendment of an assessment for the purpose
of giving effect to this sub-section.