FRINGE BENEFITS TAX REGULATIONS (AMENDMENT) 1992 NO. 76 

FRINGE BENEFITS TAX REGULATIONS (AMENDMENT) 1992 NO. 76 
- TABLE OF PROVISIONS

1.  Commencement  
2.  Amendment  
3.  Regulation 3 (Variation of notional tax amount of employers)  


1992 No. 76 FRINGE BENEFITS TAX REGULATIONS (AMENDMENT)
- REG 1
1. Commencement


  1.1   These Regulations commence on 1 April 1992.


1992 No. 76 FRINGE BENEFITS TAX REGULATIONS (AMENDMENT)
- REG 2
2. Amendment


  2.1 The Fringe Benefits Tax Regulations are amended as set out in these
Regulations.


1992 No. 76 FRINGE BENEFITS TAX REGULATIONS (AMENDMENT)
- REG 3
3. Regulation 3 (Variation of notional tax amount of employers)


  3.1 Omit the regulation, substitute:
Variation of notional tax amount of employers
  "3. (1)  The notional tax amount of an employer ascertained under paragraph
110 (1) (b) of the Act for the year of tax beginning on 1 April 1992 is varied
by applying the formula:
                 AT X 48.25
                 NT  =  47
where:
  NT is the notional tax amount of the employer in respect of the year of tax
beginning on 1 April 1992;
  AT is the amount equal to the fringe benefits tax assessed in respect of the
employer for the year of tax beginning on 1 April 1991.".
  "(2) For the purposes of subsection 110 (2) of the Act, the prescribed date
is 1 April 1992.".


- NOTES


1992 No. 76*1* FRINGE BENEFITS TAX REGULATIONS*2* (AMENDMENT)



*1*. Notified in the Commonwealth of Australia Gazette on 31 March 1992.
*2*. Statutory Rules 1990 No. 68.