Commonwealth Consolidated Acts

TAXATION (DEFICIT REDUCTION) ACT (NO. 1) 1993 - SECT 19

                   Section 51AB of the Principal Act is amended:

                     (a)  by omitting from subsection (4) "subsection (5)" and substituting "subsections (5) and (5A)";

                     (b)  by inserting after subsection (5) the following subsection:

          (5A)  The rule in subsection (4) does not apply to expenditure incurred by the provider of a fringe benefit (within the meaning of the Fringe Benefits Tax Assessment Act 1986 ), if the expenditure is in respect of the provision of the fringe benefit.