FRINGE BENEFITS TAX REGULATIONS 1990 NO. 68 

FRINGE BENEFITS TAX REGULATIONS 1990 NO. 68 
- TABLE OF PROVISIONS

1. Citation  
2. Interpretation  
3. Variation of notional tax amount of employers  


1990 No. 68 FRINGE BENEFITS TAX REGULATIONS
- REG 1
Citation


  1. These Regulations may be cited as the Fringe Benefits Tax Regulations.


1990 No. 68 FRINGE BENEFITS TAX REGULATIONS
- REG 2
Interpretation


  2. In these Regulations, "the Act" means the Fringe Benefits Tax Assessment
Act 1986.


1990 No. 68 FRINGE BENEFITS TAX REGULATIONS
- REG 3
Variation of notional tax amount of employers


  3. (1) The notional tax amount of an employer ascertained in accordance with
subsection 110 (1) of the Act in respect of the year of tax commencing on 1
April 1990 is varied in accordance with the formula:
                                  NT = AT X 47
                                            49
where:
  NT is the notional tax amount of the employer in respect of the year of tax
commencing on 1 April 1990; and
  AT is an amount equal to the fringe benefits tax assessed in respect of the
employer in respect of the year of tax commencing on 1 April 1989.
  (2) For the purposes of subsection 110 (2) of the Act, the prescribed date
is 1 April 1990.


- NOTES


1990 No. 68*1* FRINGE BENEFITS TAX REGULATIONS



*1* Notified in the Commonwealth of Australia Gazette on 27 February 1990.