A New Tax System (Pay As You Go) Act 1999 (178 of 1999)

Schedule 2   Running balance accounts, general interest charge and related matters

Part 3   Fringe benefits tax

Fringe Benefits Tax Assessment Act 1986

105   Subparagraph 24(1)(ba)(ii)

Omit all the words and sub-subparagraphs from and including "allowable" to and including "recipient under", substitute "allowable as a once-only deduction other than a foreign income deduction to the recipient under".