Document ID: chunk:federal_register_of_legislation:C2025C00120:section:5c:p3
Version: federal_register_of_legislation:C2025C00120
Segment Type: section
Provision Reference: s 5C (pt 3/3)
Character Range: 30669–31524

are no reducible fringe benefits in relation to the employer.
                  Note 2: Section 65CA explains what is an amortised fringe benefit.
           Step 6. Subtract from the total from step 5 the reduction amount for the year of tax of each reducible fringe benefit (if any) relating to an employee of the employer, the employer and the year of tax. The total amount is the employer's type 2 aggregate fringe benefits amount for the year of tax.
Note: Other provisions may affect the aggregate fringe benefits amount. For example, see section 67 (about arrangements to avoid or reduce tax), section 135L (about reducing the aggregate fringe benefits amount of an employer who is in business for only part of a year of tax) and section 152B (about entertainment facility leasing expenses).

Division 3—Employee's individual fringe benefits amount