Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 900.220

Award transport payment

  (1)   An award transport payment is a * transport payment covering particular travel that was paid under an * industrial instrument that was in force on 29   October 1986.

Transport payment

  (2)   A transport payment is an amount your employer pays you, or is to pay you, for travel by you in the course of working for the employer that is:

  (a)   an allowance (or part of an allowance) for the sole or main purpose of covering your * transport expenses; or

  (b)   a reimbursement to which section   15 - 70 applies that is for the whole or a part of a * car expense. However, an amount is not a transport payment if it is, or is part of, a * travel allowance.

Note:   This Division also applies to entities that are not employers, but pay (or are liable to pay) withholding payments covered by subsection   900 - 12(3).

Transport expense

  (3)   A transport expense is a loss or outgoing to do with transport, including the decline in value of a * depreciating asset used in connection with transport, but not including a loss or outgoing for accommodation or for food or drink, or expenditure incidental to transport.