Fringe Benefits Tax Assessment Act 1986
PART III
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FRINGE BENEFITS
Division 9A
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Meal entertainment
Subdivision B
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50/50 split method of valuing meal entertainment
SECTION 37B
KEY PRINCIPLE
If an employer elects that this Division applies, then (unless the employer elects that Subdivision C applies) the taxable value of meal entertainment fringe benefits provided to the employer's employees and associates of those employees by the employer is half the expenses incurred for the FBT year by the employer in providing meal entertainment benefits.
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