Fringe Benefits Tax Amendment Act 1991

No. 213 of 1991

An Act to amend the Fringe Benefits Tax Act 1986, and for related purposes

[Assented to 24 December 1991]

The Parliament of Australia enacts:

Short title etc.

1.(1) This Act may be cited as the Fringe Benefits Tax Amendment Act 1991.

(2) In this Act, "Principal Act" means the Fringe Benefits Tax Act 19861.

Commencement

2. This Act commences on the day on which it receives the Royal Assent.

Rate of tax

3. Section 6 of the Principal Act is amended by omitting "47%" and substituting "48.25%".

Application of rate amendment

4. The amendment made by section 3 applies to the year of tax commencing on 1 April 1992 and all subsequent years of tax.

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NOTE

1. No. 40, 1986, as amended. For previous amendments, see No. 70, 1989.

[Minister's second reading speech made in—

House of Representatives on 10 October 1991

Senate on 12 November 1991]