Fringe Benefits Tax Assessment Act 1986

PART III - FRINGE BENEFITS  

Division 5 - Expense payment fringe benefits  

Subdivision A - Expense payment benefits  

SECTION 20A   EXEMPTION - NO-PRIVATE-USE DECLARATION  

20A(1)   [Exempt benefit]  

An expense payment fringe benefit that is covered by a no-private-use declaration is an exempt benefit.

20A(2)   [No-private-use declaration]  

An employer may make a no-private-use declaration that covers all the employer's expense payment fringe benefits for an FBT year for which the employer will only pay or reimburse so much of the expense that is the subject of the benefit as would result in the taxable value of the benefit being nil.

20A(3)   [Form of declaration]  

The declaration must be in a form approved in writing by the Commissioner and be made by the declaration date.