Commonwealth Numbered Regulations

1992 No. 130 FRINGE BENEFITS TAX REGULATIONS - REG 12

12. (1) The notional tax amount of an employer ascertained under paragraph 110
(1) (b) of the Act for the year of tax beginning on 1 April 1992 is varied by
applying the formula:
NT = AT x 48.25
47 where:
NT is the notional tax amount of the employer in respect of the year of tax
beginning on 1 April 1992;
AT is the amount equal to the fringe benefits tax assessed in respect of the
employer for the year of tax beginning on 1 April 1991.

(2) For the purposes of subsection 110 (2) of the Act, the prescribed date is
1 April 1992.