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FRINGE BENEFITS TAX ASSESSMENT ACT 1986 - SECT 54 Provision of food or drink to be exempt benefit in certain cases

FRINGE BENEFITS TAX ASSESSMENT ACT 1986 - SECT 54

Provision of food or drink to be exempt benefit in certain cases

    Where:

  (a)   a board fringe benefit in relation to an employer is provided on a particular day;

  (b)   on that day, the provider of the fringe benefit also provides food or drink (not being a meal) to the recipient of the fringe benefit; and

  (c)   the food or drink:

  (i)   is provided to, and consumed by, the recipient on that day on eligible premises of the employer; and

  (ii)   is not provided at a party, reception or other social function;

the provision of the food or drink is an exempt benefit.

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