Document ID: chunk:federal_register_of_legislation:F2024L00795:reg:22
Version: federal_register_of_legislation:F2024L00795
Segment Type: reg
Provision Reference: reg 22
Character Range: 19348–20209

22  Vehicles
 (1) If a PEO:
 (a) accepts an offer of a vehicle owned or leased by the PEO's agency for private use; or
 (b) has access to a vehicle owned or leased by the PEO's agency for private use;
the actual cost of the vehicle to the agency (including fringe benefits tax), less a reasonable amount (if any) reflecting business usage patterns, is taken to be a benefit.
 (2) For the purposes of subsection (1):
 (a) if the annual business kilometres are less than 5,000—the business usage amount is to be based on the "cents per kilometre" method; or
 (b) if the annual business kilometres are 5,000 or more:
 (i) any business usage amount is to be assessed on log book records for at least a 12 week representative period; and
 (ii) the percentage of business use to total kilometres travelled per year is to be applied to the total cost of the vehicle.