Commonwealth Numbered Acts

FRINGE BENEFITS TAX ASSESSMENT ACT 1986 No. 39 of 1986 - SECT 43

43. Subject to this Part, the taxable value of an external property fringe
benefit in relation to an employer in relation to a year of tax is-

   (a)  where the provider was the employer or an associate of the employer
        and the recipients property was purchased by the provider under an
        arm's length transaction at or about the provision time-the cost price
        of the recipients property to the provider;

   (b)  where the provider was not the employer or an associate of the
        employer and the employer, or an associate of the employer, incurred
        expenditure to the provider under an arm's length transaction
        in respect of the provision of the property-the amount of that
        expenditure; or

   (c)  in any other case-the notional value of the recipients property at the
        provision time, reduced by the amount of the recipients contribution.