Taxation Laws Amendment (Car Parking) Act 1992 (237 of 1992)

PART 2   AMENDMENT OF THE FRINGE BENEFITS TAX ASSESSMENT ACT 1986

Division 2   Amendments relating to car parking

5.   Exempt benefits-motor vehicle parking

5.(1) Section 58G of the Principal Act is amended by omitting paragraph (a) and substituting the following paragraph:

"(a) an expense payment benefit, where:

(i) the recipients expenditure is in respect of the provision of motor vehicle parking facilities; and

(ii) the benefit is not an eligible car parking expense payment benefit;".

(2) Section 58G of the Principal Act is amended by adding at the end the following subsection:

"(2) If the employer of an employee is:

(a) a scientific institution (other than an institution carried on by a company, society or association for the purposes of profit or gain to its individual shareholders or members); or

(b) a religious institution; or

(c) a charitable institution; or

(d) a public educational institution;

the following benefits provided in respect of the employment of the employee are exempt benefits:

(e) an eligible car parking expense payment benefit;

(f) a car parking benefit.".