Document ID: chunk:federal_register_of_legislation:C2025C00120:section:12:p2
Version: federal_register_of_legislation:C2025C00120
Segment Type: section
Provision Reference: s 12 (pt 2/3)
Character Range: 344201–346993

year of tax.

Individual grossed‑up type 1 non‑rebatable amount
 (2C) For the purposes of step 1 in the method statement in subsection (2B), the individual grossed‑up type 1 non‑rebatable amount of an employee in relation to the employer for the year of tax is:

Individual grossed‑up type 2 non‑rebatable amount
 (2D) For the purposes of step 1 in the method statement in subsection (2B), the individual grossed‑up type 2 non‑rebatable amount of an employee in relation to the employer for the year of tax is:

Working out the type 1 individual base non‑rebatable amount
 (2E) An employee's type 1 individual base non‑rebatable amount in relation to the employer for the year of tax is worked out by adding the amounts worked out under step 3 of the method statement in subsection (2G) and step 3 of the method statement in subsection (2H).

Working out the type 2 individual base non‑rebatable amount
 (2F) An employee's type 2 individual base non‑rebatable amount in relation to the employer for the year of tax is worked out by adding the amounts worked out under step 4 of the method statement in subsection (2G) and step 4 of the method statement in subsection (2H).

Working out the subsection (2G) amounts
 (2G) An employee's subsection (2G) amounts for the year of tax are worked out as follows.

      Method statement
           Step 1. Work out under section 5E for each of the employer's employees the employee's individual fringe benefits amount (if any) for the year of tax in respect of the employee's employment by the employer.
           Step 2. Identify the benefits taken into account in step 1 that are GST‑creditable benefits (see section 149A).
           Step 3. So much of the amount worked out under step 1 that relates to the benefits identified under step 2 is the step 3 of subsection (2G) amount for the individual.
           Step 4. The remainder of the amount is the step 4 of subsection (2G) amount for the individual.

Working out the subsection (2H) amounts
 (2H) An employee's subsection (2H) amounts for the year of tax are worked out as follows.

      Method statement
           Step 1. Work out for each employee his or her share (if any) of the taxable values of the excluded fringe benefits for the year of tax in respect of the employee's employment by the employer, but disregarding benefits:

                (a) that constitute the provision of meal entertainment as defined in section 37AD (whether or not the employer made an election under section 37AA); or
                (b) that are car parking fringe benefits; or
                (c) whose taxable values are wholly or partly attributable to entertainment facility leasing expenses.

           Step 2. Identify the benefits taken into account in step 1 that are GST‑creditable