Fringe Benefits Tax Assessment Act 1986
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135Y(1)
This section applies to the temporary budget repair levy years for FBT (within the meaning of section 6A of the Fringe Benefits Tax Act 1986 ).
Modification for aggregate non-exempt amount
135Y(2)
The method statement in subsection 5B(1E) has effect as if:
(a) each reference in that method statement to $17,000 was instead a reference to $17,667; and
(b) the reference in that method statement to $30,000 was instead a reference to $31,177.
Modified rebate for certain not-for-profit employers
135Y(3)
The method statement in subsection 65J(2B) has effect as if the reference in that method statement to $30,000 was instead a reference to $31,177.
Note:
The FBT rate is increased by 2 percentage points in the temporary budget repair levy years for FBT: see section 6A of the Fringe Benefits Tax Act 1986 .
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