Commonwealth Numbered Acts

FRINGE BENEFITS TAX ASSESSMENT ACT 1986 No. 39 of 1986 - SECT 50

50. Subject to this Part, the taxable value of an external non-period
residual 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 benefit was purchased by the provider under an arm's length
        transaction-the amount paid or payable by the provider for the
        benefit;

   (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 benefit-the amount of that
        expenditure; or

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