Commonwealth Consolidated Acts

TAX LAWS AMENDMENT (2006 MEASURES NO. 3) ACT 2006 - SCHEDULE 8

Fringe Benefits Tax Assessment Act 1986

1   At the end of subsection 5E(3)

Add:

  ; or (l)   that is provided to address a security concern:

  (i)   relating to the personal safety of an employee, or an associate of an employee; and

  (ii)   that arises in respect of the employee's employment.

2   At the end of section   5E

Add:

Security concerns relating to employees or associates

  (6)   A fringe benefit referred to in paragraph   (3)(l) is an excluded fringe benefit only to the extent that its provision is consistent with a threat assessment in relation to the employee or associate made by a person who is recognised by:

  (a)   a relevant industry body or government body; or

  (b)   the Commissioner;

as competent to make threat assessments.

3   Application

The amendments made by this Schedule apply to the FBT year starting on 1   April 2004 and to all later FBT years.