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(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
(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.