Tax Laws Amendment (2012 Measures No. 4) Act 2012 (142 of 2012)
Schedule 1 Reform of living away from home allowance and benefit rules
Part 2 Other amendments
Fringe Benefits Tax Assessment Act 1986
16 Subsection 136(1) (definition of exempt accommodation component )
Repeal the definition, substitute:
exempt accommodation component , in relation to a living-away-from-home allowance fringe benefit, means so much of the accommodation component as is equal to the total of the expenses that:
(a) are incurred by the employee for that accommodation; and
(b) are substantiated under section 31G.