FBTA Act definition

FBTA Act means the Fringe Benefits Tax Assessment Act 1986 of the Commonwealth;
FBTA Act means the Fringe Benefits Tax Assessment Act 1986 of the Commonwealth. The abridged definition of that Act removes the ne cessity to recite in full the reference to that Act where it appears in the legislation;
FBTA Act means the Fringe Benefits Tax Assessment Act 1986 of the Commonwealth;30 “fringe benefit” means anything that is a fringe benefit under the FBTA Act except a benefit prescribed not to be a fringe benefit for the purposes of this definition;

Examples of FBTA Act in a sentence

  • Accordingly, the following sections of the FBTA Act are modified in the manner described below.

  • Item 3 of Schedule 4 to the Bankruptcy Regulations 1996 modified section 9 of the FBTA Act to ensure it applied appropriately in the bankruptcy context.

  • Item 3 of Schedule 2 to these Regulations replicates that change in formula, and ensures that going forward, trustees use the same method for calculating car fringe benefits in the bankruptcy context, as in the FBTA Act.

  • Item 3 – Section 9 Item 3 modifies section 9 of the FBTA Act by repealing that section and substituting it with a new section 9.

  • Accordingly, item 3 modifies section 9 of the FBTA Act by providing a formula for calculating the taxable value of a car fringe benefit, in which the 20% rate, the base value of the car, and the number of days during the year in which the car benefit was provided are multiplied.

  • As these “ third party ” provisions are included in the concept of a “ fringe benefit ” under the FBTA Act, they are not repeated in subclause (1).As the liability for pay-roll tax is based on wages paid or payable by an employer, it is ne cessary to deem these benefits to have been provided by the employer to ensure that they are subject to pay-roll tax.Sub clause (2) is similar in its operation to subclause (1) but relates to “ spe cified taxable benefits ” .

  • Unmodified section 9 of the FBTA Act provides a method for calculating the taxable value of a car fringe benefit by the application of a formula.

  • Item 1 – Subsection 7(1), (2), (3) and (4) Item 1 modifies subsections 7(1), (2), (3) and (4) of the FBTA Act by repealing those subsections and substituting them with a new subsection (1).

  • In 2014, that formula was updated and simplified in the FBTA Act.

  • Amended FBT Act assessment, employer to give copy of to CommissionerAn employer who receives an amended assessment under the FBTA Act must give a copy of the amended assessment to the Commissioner within 30 days of receiving it.Penalty: $5 000.

Related to FBTA Act

  • FW Act means the Fair Work Act 2009 (Cth).

  • FOI Act means the Freedom of Information Act 2000 and any subordinate legislation made under that Act or any code issued pursuant to sections 45 or 46 of that Act or any guidance issued by the Information Commissioner;

  • ACNC Act means the Australian Charities and Not-for-profits Commission Act 2012 (Cth).

  • POPI Act means the Protection of Personal Information Act, No.4 of 2013;

  • FDA Act means the U.S. Federal Food, Drug, and Cosmetic Act, as amended.

  • SEBI Act or “Act” means the Securities and Exchange Board of India Act, 1992;

  • S.A.F.E. act means the federal Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (Public Law 110-289).

  • WHS Act means the Work Health and Safety Act 2011 (Qld) or the Work Health and Safety (National Uniform Legislation) Act 2012 (NT), where applicable. WHS EPH means Workplace Health and Safety Entry Permit Holders under the WHS Act. Workplace Impairment Policy and Procedures means the Workplace Impairment Policy and Procedures found in APPENDIX 4.

  • OHS Act means the Occupational Health and Safety Act 2004;

  • FMC Act means the Financial Markets Conduct Act 2013.

  • PBR Act means the Plant Breeder’s Rights Xxx 0000 (Cth) as amended from time to time.

  • FAIS Act means the Financial Advisory and Intermediary Services Act, 2002 (Act No. 37 of 2002);

  • FDI Act means the Federal Deposit Insurance Act, as amended or recodified.

  • 1990 Act means the Town and Country Planning Act 1990;

  • HITECH Act means the Health Information Technology for Economic and Clinical Health Act, TitleXIII, Subtitle D, Part 1 & 2 of the American Recovery and Reinvestment Act of 2009.

  • Family Law Act means the Family Law Act, R.S.O. 1990, c. F.3, as am. S.O. 2006, c. 1, s.5; 2006, c. 19, Sched. B, s. 9, Sched. C, s. 1(1), (2), (4);

  • EP Act means the Environmental Protection Xxx 0000;

  • Charter Act The Federal National Mortgage Association Charter Act (12 U.S.C. § 1716

  • Federal Power Act means the Federal Power Act, as amended, 16 U.S.C. §§ 791a, et seq.

  • BC Act means the Securities Act (British Columbia), the regulations and rules made thereunder and all administrative policy statements, blanket orders, notices, directions and rulings issued or adopted by the British Columbia Securities Commission, all as amended;

  • Public Works Act means the Public Works Xxx 0000;

  • PPS Act means the Personal Property Securities Act 2009 (Cth).

  • Controlled Substances Act means the Controlled Substances Act (21 U.S.C. Sections 801 et seq.), as amended from time to time, and any successor statute.

  • Federal Reserve Act means the Federal Reserve Act, as amended.

  • FCC Regulations means the regulations duly and lawfully promulgated by the FCC, as in effect from time to time.

  • Banking Act means the UK Banking Act 2009, as amended.