Commonwealth Numbered Acts

FRINGE BENEFITS TAX ASSESSMENT ACT 1986 No. 39 of 1986 - SECT 53

53. (1) For the purposes of this Act-

   (a)  a car expense payment benefit;

   (b)  a car property benefit; or

   (c)  a car residual benefit, in respect of a car, being a benefit that is
        attributable to a period when a car fringe benefit was provided, or
        would but for sub-section 8 (2) have been provided, in relation to the
        car, is an exempt benefit.

(2) Where the provision or use of a motor vehicle would, but for sub-section
47 (6), be a residual fringe benefit in relation to a period in a year of tax,
sub-section (1) applies in relation to the motor vehicle as if-

   (a)  the motor vehicle were a car; and

   (b)  a car fringe benefit were provided during that period in relation to
        the motor vehicle.

(3) In this section-

"car expense payment benefit" means an expense payment benefit where the
recipients expenditure is a car expense;

"car property benefit" means a property benefit where, if the recipient had
incurred expenditure in respect of the provision of the recipients property,
that expenditure would have been a car expense;

"car residual benefit" means a residual benefit where, if the recipient had
incurred expenditure in respect of the provision of the recipients benefit,
that expenditure would have been a car expense.