Tax Laws Amendment (2009 Measures No. 4) Act 2009 (88 of 2009)

Schedule 5   Minor amendments

Part 4   Other amendments

Fringe Benefits Tax Assessment Act 1986

301   Paragraph 42(1)(b)

Repeal the paragraph, substitute:

(b) if paragraph (a) does not apply and the property was acquired by the provider - an amount equal to the lesser of:

(i) the arm's length price in respect of the acquisition of the recipient's property by the provider; or

(ii) the notional value of the recipient's property at the provision time; or