Tax and Superannuation Laws Amendment (2015 Measures No. 5) Act 2015 (162 of 2015)

Schedule 3 Limiting FBT concessions on salary packaged entertainment benefits

Repeal the section, substitute:

37AC Meal entertainment benefits

If, at a particular time:

(a) an employer (the provider ) to whom this Division applies provides meal entertainment to another person (the recipient ); and

(b) the meal entertainment is not provided under a salary packaging arrangement;

the provision of the meal entertainment is a meal entertainment benefit provided by the provider to the recipient at that time.