Tax Laws Amendment (2008 Measures No. 5) Act 2008 (145 of 2008)

Schedule 4   Fringe benefits tax

Part 1   Main amendments

Fringe Benefits Tax Assessment Act 1986

18   Paragraph 24(7)(b)

Omit "the amount (in this subsection called the reducing amount ) by which the taxable value, but for subsection (1) and Division 14, of the fringe benefit is reduced under", substitute "representing the component ND in the formula in".