Tax Laws Amendment (Repeal of Inoperative Provisions) Act 2006 (101 of 2006)

Schedule 2   Consequential amendments relating to Schedule 1 repeals etc.

Part 1   Amendments: general

Fringe Benefits Tax Assessment Act 1986

98   Subsection 136(1) (definition of basic car rate )

Repeal the definition, substitute:

basic car rate , in relation to a year of tax ending on 31 March in a year, means the rate prescribed for the purposes of section 28-25 of the Income Tax Assessment Act 1997 in relation to the year of income ending on 30 June in that year.