Treasury Laws Amendment (2019 Measures No. 3) Act 2020 (64 of 2020)

Schedule 3   Miscellaneous amendments

Part 2   Amendments commencing first day of the next quarter

Fringe Benefits Tax Assessment Act 1986

68   Subsection 136(1) (paragraph (p) of the definition of fringe benefit)

Repeal the paragraph, substitute:

(p) a payment made, or liability incurred, to a person to the extent that the payment or liability is non-assessable non-exempt income (within the meaning of the Income Tax Assessment Act 1997) of the person because of subsection 26-35(4) of that Act; or