Document ID: chunk:federal_register_of_legislation:C2025C00120:section:20a
Version: federal_register_of_legislation:C2025C00120
Segment Type: section
Provision Reference: s 20A
Character Range: 85250–85823

20A  Exemption—no‑private‑use declaration
 (1) An expense payment fringe benefit that is covered by a no‑private‑use declaration is an exempt benefit.
 (2) An employer may make a no‑private‑use declaration that covers all the employer's expense payment fringe benefits for an FBT year for which the employer will only pay or reimburse so much of the expense that is the subject of the benefit as would result in the taxable value of the benefit being nil.
 (3) The declaration must be in a form approved in writing by the Commissioner and be made by the declaration date.