A T O home
Legal Database
Search   
for 
 
Access the database 
Browse database
Searches  
View last document
Quick access 
View legislation
View a document
Email Cross Reference Material Previous/Next Section Contents Previous/Next Result
Printable version
Printable
version

FRINGE BENEFITS TAX ASSESSMENT ACT 1986

PART XII - INTERPRETATION  

SECTION 162H  APPLICABLE LOG BOOK PERIOD  

 View history reference

162H(1)  [Car fringe benefit]  

 View history reference

For the purposes of the application of section 10 in relation to a car fringe benefit in relation to an employer in relation to a car while it was held by a particular person during a particular period (in this subsection called the ``holding period'') starting or ending in a year of tax, a reference to the applicable log book period is a reference to:


(a) if the holding period is a period of less than 12 weeks - the holding period; or


(b) in any other case - a continuous period of not less than 12 weeks that begins and ends during the holding period.
 View history reference

162H(2)  [Benefit relating to employee's own car]  

 View history reference

For the purposes of the application of sections 19, 24, 44 and 52 in relation to a loan fringe benefit, expense payment fringe benefit, property fringe benefit or residual fringe benefit, as the case requires, in relation to an employer in relation to a car held by the recipient of the fringe benefit during a particular period (in this subsection called the ``holding period'') starting or ending in a year of tax, a reference to the applicable log book period is a reference to:


(a) if the holding period is a period of less than 12 weeks - the holding period; or


(b) in any other case - a continuous period of not less than 12 weeks that begins and ends during the holding period.
 View history reference

162H(3)  [Period specified in log book records]  

 View history reference

The applicable log book period must be specified in the log book records for the period at, or as soon as possible after, the end of the period.


 



This information is provided by CCH Australia Limited. View the disclaimer and notice of copyright.
Top of page
More information on page