Fringe Benefits Tax Assessment Act 1986
For the purposes of this Act, a benefit shall be taken to be provided during a period if, and only if, the benefit:
(a) is provided, or subsists, during a period of more than 1 day; and
(b) is not deemed by a provision of this Act to be provided at a particular time or on a particular day. 149(2) [Subsistence of lease, licence or loan]
For the purposes of subsection (1), but without limiting the generality of that subsection, a benefit constituted by the subsistence of a lease or licence in respect of property, or a benefit in respect of a loan, shall be taken to be provided during the period when the lease or licence subsists or while a person is under an obligation to repay the whole or any part of the loan, as the case may be.
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