Commonwealth Numbered Regulations

1990 No. 68 FRINGE BENEFITS TAX REGULATIONS - REG 3

3. (1) The notional tax amount of an employer ascertained in accordance with
subsection 110 (1) of the Act in respect of the year of tax commencing on 1
April 1990 is varied in accordance with the formula:
NT = AT X 47
49 where:
NT is the notional tax amount of the employer in respect of the year of tax
commencing on 1 April 1990; and
AT is an amount equal to the fringe benefits tax assessed in respect of the
employer in respect of the year of tax commencing on 1 April 1989.

(2) For the purposes of subsection 110 (2) of the Act, the prescribed date is
1 April 1990.