Fringe Benefits Tax Assessment Act 1986
View history note
Hide history noteThis section applies if the employer does not carry on business operations throughout the current year.
135L(2) Pro-rata reduction of base year aggregate fringe benefits amount.For the purposes of sections 135G and 135K , the employer's aggregate fringe benefits amount for the employer's most recent base year is replaced by the amount worked out using the following formula:
| Aggregate fringe
benefits amount |
× | Number of days in the current year during
which the employer carried on business operations Number of days in the current year |
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