Bankruptcy Regulations 1996
(regulation 6.12 )
19 Section 36 (Taxable value of board fringe benefits) 19.1Omit the section, substitute:
| ' 36 | Taxable value of board fringe benefits | ||
| Subject to this Part, the value of a board fringe benefit is: | |||
| (a) | in relation to a contribution assessment period beginning: | ||
| (i) | on 1 July 1992; or | ||
| (ii) | during the year beginning on 1 July 1992; $1; and | ||
| (b) | in relation to a later contribution assessment period - a sum worked out according to the formula: | ||
| 1 × CPI | |||
| where: | |||
| CPI is the increase in the All Groups Consumer Price Index number that is the weighted average of the 8 capital cities published by the Australian Statistician in respect of the period that commences on 1 July 1992 and ends immediately before the start of the financial year in which the contribution assessment period commences. ' . |
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