Bankruptcy Regulations 1996

SCHEDULE 4 - MODIFICATIONS OF THE FRINGE BENEFITS TAX ASSESSMENT ACT 1986  

(regulation 6.12 )

25   Section 50 (Taxable value of external non-period residual fringe benefits)  

25.1    
Omit the section, substitute:

' 50	Value of residual fringe benefits
	Subject to this Part, the value of a residual fringe benefit in relation to a contribution assessment period is the cost to the provider of providing the benefit, reduced by the amount of the recipient's contribution. ' .