Tax and Superannuation Laws Amendment (2013 Measures No. 1) Act 2013 (88 of 2013)

Schedule 2   Airline transport fringe benefits

Fringe Benefits Tax Assessment Act 1986

5   After paragraph 48(aa)

Insert:

(ab) if paragraph (aa) does not apply and the benefit is an airline transport fringe benefit - an amount equal to 75% of the stand-by airline travel value of the benefit at the comparison time; or