Document ID: chunk:federal_register_of_legislation:F2024L00350:reg:5
Version: federal_register_of_legislation:F2024L00350
Segment Type: reg
Provision Reference: reg 5
Character Range: 1824–3126

5  Specified matters
 (1) For the purposes of subsection 123AA(2) of the Act, the following matters are specified:
 (a) the FBT year ending 31 March 2025 and all subsequent FBT years;
 (b) the statutory evidentiary document consisting of the declaration referred to in paragraph 61B(c) of the Act;
 (c) the class of persons described in subsection 5(2); and
 (d) the alternative records described in section 6.
 (2) The class of persons described for the purposes of paragraph 5(1)(c) are employers reducing the taxable value of an expense payment fringe benefit described in section 61B of the Act, in circumstances where:
 (a) the employer provided an employee or an employee's associate with an expense payment fringe benefit in respect of relocation transport in a year of tax;
 (b) the employee or the associate used their own car that they own or lease for the transport;
 (c) the employee or associate was reimbursed an amount of a Division 28 car expense that they incurred for the relocation transport;
 (d) the reimbursement was on a cents per kilometre basis;
 (e) the employer was not given a declaration that satisfies the requirements of paragraph 61B(c) of the Act; and
 (f) the employer relies on the adequate alternative records provision contained in subsection 123AA(1) of the Act.