Document ID: chunk:federal_register_of_legislation:C2016C00523:clause:5_5
Version: federal_register_of_legislation:C2016C00523
Segment Type: clause
Provision Reference: sch 5 cl 5
Character Range: 95411–96686

5                       1 April 2013                                                                                                                                                                                                                 40,000                                                                                                                       not applicable                                                                          0.17

(2) Subitem (1) applies to a car fringe benefit to which the amendments made by this Schedule apply (see item 8), unless:
 (a) the employer chooses to have the subitem not apply to car fringe benefits in relation to the employer in relation to the car; and
 (b) if the car fringe benefit is in respect of employment of an employee by the employer, and the employee would be worse off as a result of the subitem not applying to car fringe benefits in relation to the employer in relation to the car—the employee consents to the employer's choice.
(3) The way the employer's return under the Fringe Benefits Tax Assessment Act 1986 for the relevant year of tax is prepared is sufficient evidence of the making of the choice.

Part 2—Amendments commencing on 1 April 2016

Fringe Benefits Tax Assessment Act 1986