Fringe Benefits Tax Assessment Act 1986

PART III - FRINGE BENEFITS  

Division 14 - Reduction of taxable value of miscellaneous fringe benefits  

SECTION 61A   REDUCTION OF TAXABLE VALUE - OVERSEAS EMPLOYMENT HOLIDAY TRANSPORT  

61A(1)    
Where one or more fringe benefits, being fringe benefits in respect of overseas employment holiday transport, in relation to an employer in relation to a year of tax relate to a particular employee of the employer, the amount (in this subsection called the " gross taxable value " ) that, but for this subsection and section 62 , would be:

(a)    so much of the taxable value of that fringe benefit as is attributable to transport, meals or accommodation for a particular family member; or

(b)    so much of the sum of the taxable values of those fringe benefits as is attributable to transport, meals or accommodation for a particular family member;

as the case requires, in relation to that year of tax, shall be reduced by:

(c)    50% of the gross taxable value; or

(d)    50% of the benchmark travel amount in relation to that fringe benefit in relation to the family member or 50% of the greatest benchmark travel amount in relation to those fringe benefits in relation to the family member, as the case requires;

whichever is the less.

61A(2)    
Subsection (1) does not apply in relation to a fringe benefit in respect of overseas employment holiday transport, being an expense payment fringe benefit, unless:

(a)    

in the case of an expense payment fringe benefit where:

(i) the expense payment fringe benefit is constituted by the reimbursement of the recipient, in whole or in part, in respect of an amount of a Division 28 car expense incurred by the recipient in relation to a car owned by, or leased to, the recipient; and

(ii) the reimbursement is calculated by reference to the distance travelled by the car;

the recipient gives to the employer, before the declaration date, a declaration, in a form approved by the Commissioner, purporting to set out the number of whole kilometres travelled by the car in providing transport by virtue of which the recipients expenditure is in respect of overseas employment holiday transport; or

(iii) (Repealed by No 69 of 2023)

(iv) (Repealed by No 69 of 2023)

(b)    in the case of an expense payment fringe benefit where paragraph (a) does not apply - documentary evidence of the recipients expenditure is obtained by the recipient and that documentary evidence, or a copy, is given to the employer before the declaration date.

61A(3)    
Where:

(a)    subsection (1) applies in relation to one or more fringe benefits (in this subsection called the " overseas holiday transport fringe benefits " ) in relation to an employer in relation to a year of tax, being fringe benefits that relate to a particular employee of the employer;

(b)    one or more of the overseas holiday transport fringe benefits are home country fringe benefits in relation to a particular holiday or holidays for a particular family member;

(c)    if the home country fringe benefit, or home country fringe benefits, referred to in paragraph (b) relate to only one holiday for the family member - the home country holiday amount in relation to the holiday in relation to the family member exceeds the benchmark travel amount, or the greatest benchmark travel amount, as the case requires, that, apart from this subsection, would be applicable under paragraph (1)(d) in relation to the overseas holiday transport fringe benefits in relation to the family member; and

(d)    if the home country fringe benefit, or home country fringe benefits, referred to in paragraph (b) relate to 2 or more holidays for the family member - the greatest of the home country holiday amounts in relation to the holidays in relation to the family member exceeds the benchmark travel amount, or the greatest benchmark travel amount, as the case requires, that, apart from this subsection, would be applicable under paragraph (1)(d) in relation to the overseas holiday transport fringe benefits in relation to the family member;

the benchmark travel amount, or the greatest benchmark travel amount, as the case requires, that, apart from this subsection, would be applicable under paragraph (1)(d) in relation to the overseas holiday transport fringe benefits in relation to the family member shall be increased by the amount of the excess referred to in whichever of paragraph (c) or (d) of this subsection is applicable.

61A(4)    
For the purposes of subsection (3) , where the whole or a part (which whole or part is in this subsection called the " attributable portion " ) of the amount that, but for subsection (1) and section 62 , would be the taxable value, or of the sum of the taxable values, in relation to the year of tax, of one or more home country fringe benefits in relation to a particular holiday for a particular family member is attributable to transport, meals or accommodation in relation to the holiday for the family member, the home country holiday amount, in relation to the holiday, in relation to the family member, is an amount equal to the attributable portion.

61A(5)    
Where:

(a)    paragraph (2)(a) applies to an expense payment fringe benefit; and

(b)    

the amount of the reimbursement concerned exceeds the reimbursement (in this subsection called the " statutory reimbursement " ) that would have been paid if it had been calculated on the basis of the sum of the following rates:

(i) the basic car rate;

(ii) where 2 or more family members travelled in the car when it provided the transport by virtue of which the expense payment fringe benefit is in respect of overseas employment holiday transport - the supplementary car rate;

a reference in subsection (1) or (4) of this section to the taxable value of the fringe benefit is a reference to so much of the taxable value as is attributable to the amount of the statutory reimbursement.