Document ID: chunk:federal_register_of_legislation:C2010C00691:body:0:p6
Version: federal_register_of_legislation:C2010C00691
Segment Type: other
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Character Range: 13521–16178

AMENDMENT ACT (No. 3) 1993No. 118, 1993
- SECT 6
Application of amendments

  6. The amendments made by this Part apply in relation to prescribed payments
made after the commencement of this section.

PART 3 - AMENDMENT OF THE FRINGE BENEFITS TAX ASSESSMENT ACT 1986

Division 1 - Principal Act

TAXATION LAWS AMENDMENT ACT (No. 3) 1993No. 118, 1993
- SECT 7
Principal Act

  7. In this Part, "Principal Act" means the Fringe Benefits Tax Assessment
Act 1986.*2*
Fringe Benefits Tax Assessment Act 1986
*2* No. 39, 1986, as amended. For previous amendments, see Nos. 48 and 112,
1986; Nos. 23 and 145, 1987; No. 139, 1987 (as amended by Nos. 11 and 78,
1988); Nos. 6, 78, 95, 97 and 153, 1988; Nos. 2, 11, 97 and 107, 1989; Nos.
37, 58, 60 and 135, 1990; Nos. 48, 100 and 216, 1991; Nos. 35, 92, 101, 118,
191, 210, 223 and 237, 1992; and Nos. 17 and 18, 1993.

Division 2 - Amendments relating to airline transport fringe benefits

TAXATION LAWS AMENDMENT ACT (No. 3) 1993No. 118, 1993
- SECT 8
Object of Division

  8. The object of this Division is to change the method of working out the
taxable value of a domestic airline transport fringe benefit.

TAXATION LAWS AMENDMENT ACT (No. 3) 1993No. 118, 1993
- SECT 9
Interpretation

  9. Section 136 of the Principal Act is amended by omitting paragraph (a) of
the definition of "stand-by value" in subsection (1) and substituting the
following paragraph:
  "(a) if the recipients transport is over a domestic route:
    (i) if the recipients transport is on a scheduled passenger air
service-37.5% of the lowest publicly advertised economy air fare charged by
the provider at or about the comparison time in respect of transport over that
route; and
    (ii) if:
      (A) the recipients transport is not on a scheduled passenger air
service; and
      (B) a carrier operates a scheduled passenger air service over that
route at or about the comparison time;
  37.5% of the lowest publicly advertised economy air fare charged by a
carrier at or about the comparison time in respect of transport over that
route; and
    (iii) if:
      (A) the recipients transport is not on a scheduled passenger air
service; and
      (B)  no carrier operates a scheduled passenger air service over
that route at or about the comparison time; and
      (C) a combination of scheduled passenger air services operated by
a carrier or carriers at or about the comparison time would enable a person to
travel between the ports of embarkation and disembarkation;
  37.5% of the lowest combination of publicly advertised economy air fares
charged by carriers at or about the comparison time in respect of transport
between the