Document ID: chunk:federal_register_of_legislation:C2014C00672:clause:2_26
Version: federal_register_of_legislation:C2014C00672
Segment Type: clause
Provision Reference: sch 2 cl 26
Character Range: 24292–24803

26  Subsection 136(1)
Insert:
stand‑by airline travel value, in relation to an airline transport fringe benefit, means:
 (a) if the transport is over a domestic route—50% of the carrier's lowest standard single economy air fare:
 (i) for that route; and
 (ii) as publicly advertised during the year of tax; or
 (b) if the transport is over an international route—50% of the lowest of any carrier's standard single economy air fare:
 (i) for that route; and
 (ii) as publicly advertised during the year of tax.