Tax and Superannuation Laws Amendment (2013 Measures No. 1) Act 2013 (88 of 2013)

Schedule 2   Airline transport fringe benefits

Fringe Benefits Tax Assessment Act 1986

16   Subsection 136(1) (definition of comparison time )

Repeal the definition, substitute:

comparison time , in relation to a residual fringe benefit, means:

(a) if the fringe benefit is constituted by a benefit to which subsection 46(2) applies - the start of the billing period referred to in that subsection in relation to the benefit; or

(b) if the fringe benefit is a period residual fringe benefit - the time when the recipients overall benefit started to be provided; or

(c) if the fringe benefit is an airline transport fringe benefit - the time when the transport starts; or

(d) otherwise - the time when the benefit is provided.