FRINGE BENEFITS TAX ASSESSMENT ACT 1986 - SECT 36 Taxable value of board fringe benefits

FRINGE BENEFITS TAX ASSESSMENT ACT 1986 - SECT 36

    Subject to this Part, the taxable value of a board fringe benefit in relation to a year of tax is:

  (a)   in a case where the recipient had attained the age of 12 years before the beginning of the year of tax--$2.00; or

  (b)   in any other case--$1.00;

reduced by the amount of the recipients contribution.