Document ID: chunk:federal_register_of_legislation:C2025C00120:section:5:p2
Version: federal_register_of_legislation:C2025C00120
Segment Type: section
Provision Reference: s 5 (pt 2/7)
Character Range: 521103–523536

in relation to the current year of tax; or
 (ii) were maintained by the employer in relation to an earlier year of tax but are relevant to the employer's liability under this Act in respect of the current year of tax;
 (ab) a record of the business use percentage specified by the employer for the current year of tax; and
 (b) a document maintained by the employer in relation to the current year of tax as mentioned in section 10A or paragraph 10B(a) or sub‑subparagraph 24(1)(c)(ia)(A) or 24(1)(c)(i)(B); and
 (c) log book records or odometer records maintained in relation to a particular car where any of the following subparagraphs apply:
 (i) both of the following conditions are satisfied:
 (A) the current year of tax is not a log book year of tax of the employer in relation to the car;
 (B) section 10A required the records to be maintained by or on behalf of the provider of a car fringe benefit in relation to the employer as a condition of the employer being entitled, in respect of the year of tax that was the last log book year of tax of the employer in relation to the car before the current year of tax, to a reduction in the operating cost of the car on account of business journeys undertaken in the car during that last log book year of tax;
 (ii) both of the following conditions are satisfied:
 (A) the current year of tax is not a log book year of tax of the recipient of a loan fringe benefit, an expense payment fringe benefit, a property fringe benefit or a residual fringe benefit in relation to the car while it was held by the recipient during a period in the current year of tax;
 (B) section 65E required the records to be maintained by or on behalf of the recipient as a condition of the employer being entitled, in relation to the year of tax that was the last log book year of tax of the recipient before the current year of tax, to a reduction of the taxable value of a fringe benefit on account of business journeys undertaken in the car in that last log book year of tax; and
 (d) a no‑private‑use declaration or a recurring fringe benefit declaration that covers benefits provided in the current year of tax.
statutory food amount, in relation to a person, in relation to a period in relation to a year of tax, means the amount calculated in respect of that period:
 (a) in a case where the person had attained the age of 12 years before the beginning of the year of tax—at the rate of $42 per