Commonwealth Consolidated Acts

FRINGE BENEFITS TAX ASSESSMENT ACT 1986 - SECT 39FC

    The daily rate amount for a space is the amount that would be worked out using whichever of the following methods that the taxpayer chooses:

  (a)   the commercial parking station method;

  (b)   the market value method;

  (c)   the average cost method;

as the taxable value of the car parking fringe benefit for the space, if there were no recipients contribution.