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TAX LAWS AMENDMENT (2004 MEASURES NO. 7) ACT 2005 - SCHEDULE 4

FBT exemption thresholds for long service award benefits

 

Fringe Benefits Tax Assessment Act 1986

1   Paragraph 58Q(1)(c) (formula)

Repeal the formula, substitute:

2   Paragraph 58Q(1)(d) (formula)

Repeal the formula, substitute:

3   Application

The amendments made by this Schedule apply to FBT years beginning on or after 1   April 2005.




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