Taxable value of board fringe benefits
36 Taxable value of board fringe benefits
Subject to this Part, the value of a board fringe benefit is:
in relation to a contribution assessment period beginning:
on 1 July 1992; or
during the year beginning on 1 July 1992;
$1; and
in relation to a later contribution assessment period—a sum worked out according to the formula:
where:
CPI is the increase in the All Groups Consumer Price Index number that is the weighted average of the 8 capital cities published by the Australian Statistician in respect of the period that commences on 1 July 1992 and ends immediately before the start of the financial year in which the contribution assessment period commences.
14 Section 37
Repeal the section.
15 Division 11 of Part III
Repeal the Division.
16 Section 46
Repeal the section, substitute:
This Act’s bill:Explanatory statement
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.