Fringe Benefits Tax Assessment Act 1986
PART III
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FRINGE BENEFITS
Division 5
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Expense payment fringe benefits
Subdivision B
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Taxable value of expense payment fringe benefits
SECTION 23
23
TAXABLE VALUE OF EXTERNAL EXPENSE PAYMENT FRINGE BENEFITS
Subject to this Part, the taxable value in relation to a year of tax of an external expense payment fringe benefit provided during the year of tax is the amount of the payment referred to in paragraph 20(a) , or the reimbursement referred to in paragraph 20(b) , as the case requires, reduced, in a case to which paragraph 20(a) applies, by the amount of the recipients contribution.
Subject to this Part, the taxable value in relation to a year of tax of an external expense payment fringe benefit provided during the year of tax is the amount of the payment referred to in paragraph 20(a) , or the reimbursement referred to in paragraph 20(b) , as the case requires, reduced, in a case to which paragraph 20(a) applies, by the amount of the recipients contribution.
[ CCH Note: Modification Declaration FRLI No F2021L00261 ( Bankruptcy Regulations 2021 : FRLI No F2021L00261, registered on 19 March 2021 and effective from 1 April 2021.)
Section 23 of the Act is modified by omitting " external " .]
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