Document ID: chunk:federal_register_of_legislation:C2013C00538:clause:6_4
Version: federal_register_of_legislation:C2013C00538
Segment Type: clause
Provision Reference: sch 6 cl 4
Character Range: 48646–49228

4  Adjusted fringe benefits total
  An individual's adjusted fringe benefits total for an income year is the amount worked out using the formula:

where:
FBT rate is the rate of tax set by the Fringe Benefits Tax Act 1986 for the FBT year (as defined in the Fringe Benefits Tax Assessment Act 1986) beginning on the 1 April just before the start of the income year.
reportable fringe benefits total is the amount that the Secretary is satisfied is the individual's reportable fringe benefits total (as defined in the Fringe Benefits Tax Assessment Act 1986) for the income year.