Document ID: chunk:federal_register_of_legislation:C2025C00014:section:51aeb
Version: federal_register_of_legislation:C2025C00014
Segment Type: section
Provision Reference: s 51AEB
Character Range: 356878–358201

51AEB  Meal entertainment—election under section 37CA of Fringe Benefits Tax Assessment Act 1986 to use the 12 week register method
 (1) If a taxpayer has made an election under section 37CA of the Fringe Benefits Tax Assessment Act 1986:
 (a) for each expense incurred in the FBT year by the taxpayer in providing meal entertainment, a deduction equal to the amount worked out using the following formula is allowable to the taxpayer for the year of income in which it is incurred:

 (b) no other deduction under any provision of this Act is allowable to the taxpayer for the expense.
 (2) The register percentage is the percentage worked out using the formula:

where:
Total deductions for register meal entertainment means the total of deductions that would (but for this section and section 51AEA) be allowable to the taxpayer for expenses incurred by the taxpayer in providing meal entertainment in the 12 week period covered by the register kept by the employer under Subdivision C of Division 9A of the Fringe Benefits Tax Assessment Act 1986.
Total register meal entertainment expenses means the total of expenses incurred by the taxpayer in providing meal entertainment during that 12 week period.
 (3) Expressions used in this section have the same meaning as in the Fringe Benefits Tax Assessment Act 1986.