Document ID: chunk:federal_register_of_legislation:C2025C00120:section:61a:p3
Version: federal_register_of_legislation:C2025C00120
Segment Type: section
Provision Reference: s 61A (pt 3/3)
Character Range: 301453–302117

reimbursement concerned exceeds the reimbursement (in this subsection called the statutory reimbursement) that would have been paid if it had been calculated on the basis of the sum of the following rates:
 (i) the basic car rate;
 (ii) where 2 or more family members travelled in the car when it provided the transport by virtue of which the expense payment fringe benefit is in respect of overseas employment holiday transport—the supplementary car rate;
a reference in subsection (1) or (4) of this section to the taxable value of the fringe benefit is a reference to so much of the taxable value as is attributable to the amount of the statutory reimbursement.