A New Tax System (Pay As You Go) Act 1999 (178 of 1999)
Schedule 2 Running balance accounts, general interest charge and related matters
Part 3 Fringe benefits tax
Fringe Benefits Tax Assessment Act 1986
117 Paragraphs 62(1)(a) and (b)
Repeal the paragraphs, substitute:
(a) if the taxable value or the sum of the taxable values does not exceed $500 - an amount equal to the taxable value or the sum of the taxable values; or
(b) in any other case - $500.
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