Commonwealth Numbered Acts

TAXATION LAWS AMENDMENT (FRINGE BENEFITS AND SUBSTANTIATION) ACT 1987 No. 139 of 1987 - SECT 49

49. After section 138 of the Principal Act the following sections are
inserted: Benefit provided in respect of a year of tax

"138A. A reference in this Act to a benefit provided in respect of a year of
tax is a reference to a benefit that is deemed to be provided in respect of
the year of tax. Benefit provided in respect of the employment of an employee

"138B. A reference in this Act to a benefit provided in respect of the
employment of an employee is a reference to a benefit provided, or originally
provided, as the case may be, in respect of that employment. Application or
use of benefit

"138C. A reference in this Act to the application or use of a benefit is a
reference to the application or use of:

   (a)  in the case of an airline transport benefit-the recipients transport;

   (b)  in the case of a board benefit-the recipients meal;

   (c)  in the case of a loan benefit-the loan to which the benefit relates;

   (d)  in the case of a property benefit-the recipients property; or

   (e)  in the case of a residual benefit-the recipients benefit.".