Tax Laws Amendment (Small Business) Act 2007 (80 of 2007)

Schedule 5   Fringe benefits tax: car parking exemption

Fringe Benefits Tax Assessment Act 1986

7   Transitional - being a small business entity for the 2005-06 or 2006-07 income year

For the purposes of subparagraph 58GA(1)(d)(ii) of the Fringe Benefits Tax Assessment Act 1986, an employer is taken to be a small business entity for the 2005-06 income year or the 2006-07 income year (each a relevant income year ) if the employer would have been a small business entity for the relevant income year had the amendments made by Schedule 1 to the Tax Laws Amendment (Small Business) Act 2007 been in force in relation to that year.