Document ID: chunk:federal_register_of_legislation:C2025C00120:section:60a:p1
Version: federal_register_of_legislation:C2025C00120
Segment Type: section
Provision Reference: s 60A (pt 1/3)
Character Range: 287647–290290

60A  Reduction of taxable value—remote area holiday transport fringe benefits subject to ceiling
 (1) Where one or more remote area holiday transport fringe benefits in relation to an employer in relation to a year of tax relate to a particular employee of the employer and to a particular holiday for a particular family member, the amount (in this subsection called the gross taxable value) that, but for this subsection and section 62, would be:
 (a) so much of the taxable value of that fringe benefit as is attributable to transport, meals or accommodation in relation to the holiday for the family member; or
 (b) so much of the sum of the taxable values of those fringe benefits as is attributable to transport, meals or accommodation in relation to the holiday for the family member;
as the case requires, in relation to that year of tax, shall be reduced by:
 (c) 50% of the gross taxable value; or
 (d) 50% of the benchmark travel amount in relation to that fringe benefit, or in relation to those fringe benefits, in relation to the holiday for the family member;
whichever is the less.
 (2) Subsection (1) does not apply in relation to a remote area holiday transport fringe benefit unless:
 (a) subsection 143(3) applies to the fringe benefit; and
 (b) if the fringe benefit is an expense payment fringe benefit:
 (i) in the case of an expense payment fringe benefit where:
 (A) the expense payment fringe benefit is constituted by the reimbursement of the recipient, in whole or in part, in respect of an amount of a Division 28 car expense incurred by the recipient in relation to a car owned by, or leased to, the recipient; and
 (B) the reimbursement is calculated by reference to the distance travelled by the car;
  the recipient gives to the employer, before the declaration date, a declaration, in a form approved by the Commissioner, in respect of the recipients expenditure; or
 (ii) in the case of an expense payment fringe benefit where subparagraph (i) does not apply:
 (A) documentary evidence of the recipients expenditure is obtained by the recipient and that documentary evidence, or a copy, is given to the employer before the declaration date; or
 (B) the recipient gives to the employer, before the declaration date, a declaration, in a form approved by the Commissioner, in respect of the recipients expenditure.
 (3) Where subsection (1) applies, in relation to 2 or more years of tax, in relation to 2 or more fringe benefits relating to a particular holiday for a particular family member, subsection (1) has effect, in relation to each of those years of tax, as if the reference in paragraph (1)(d) to the