Taxation Laws Amendment (FBT Cost of Compliance) Act 1995 (145 of 1995)

Schedule 5   OTHER AMENDMENTS OF THE FRINGE BENEFITS TAX ASSESSMENT ACT 1986

9   Paragraphs 10A(a) and (b)

Omit the paragraphs, substitute:

"(a) log books and odometer records are maintained by or on behalf of

the provider for an applicable log period in relation to the car; and

(b) odometer records are maintained by or on behalf of the provider

for the holding period; and

(c) if the provider is not the employer-those log books and odometer

records are given to the employer before the declaration date; and

(d) the employer specifies the employer's estimate of the number of

business kilometres travelled by the car during the holding period; and

(e) the employer specifies a percentage as the business use

percentage applicable to the car in relation to the provider for the

holding period.".