Budget Savings (Omnibus) Act 2016 (55 of 2016)

Schedule 15   Fringe benefits

Income Tax Assessment Act 1936

2   Subsection 6(1) (definition of adjusted fringe benefits total)

Repeal the definition, substitute:

adjusted fringe benefits total ,of a taxpayer for a year of income,has the meaning given by clause 4 of Schedule 3 to the A New Tax System (Family Assistance) Act 1999.