Document ID: chunk:federal_register_of_legislation:F2024L00351:reg:5
Version: federal_register_of_legislation:F2024L00351
Segment Type: reg
Provision Reference: reg 5
Character Range: 1839–3216

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 documents consisting of the declarations referred to in subparagraph 60A(2)(b)(i) and paragraph 61(1)(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 either section 60A or section 61 of the Act, in circumstances where:
 (a) the employer provided an employee with an expense payment fringe benefit in respect of remote area holiday transport for a family member in a year of tax;
 (b) the employee used their own car that they own or lease for some or all of the transport;
 (c) the employee was reimbursed an amount of a Division 28 car expense that they incurred for the transport;
 (d) the reimbursement was on a cents per kilometre basis;
 (e) the employer was not given a declaration that satisfies the requirements of subparagraph 60A(2)(b)(i) or paragraph 61(1)(c) of the Act, as relevant; and
 (f) the employer relies on the adequate alternative records provision contained in subsection 123AA(1) of the Act.