The Fringe Benefits Tax Amendment Regulation 2013 (No 1) was registered on the Federal Register of Legislative Instruments on Thur 11.4.2013.
The purpose of this amending Regulation is to exclude living-away-from-home (LAFH) allowances and benefits, including certain expense payment benefits and residual benefits, from being reportable fringe benefits for Commonwealth employees posted both overseas and domestically. It amends the Fringe Benefits Tax Regulations 1992 to treat LAFH fringe benefits, expense payment benefits and residual benefits as excluded fringe benefits for Commonwealth employees, where those employees are required to live away from their normal residence in order to undertake their duties of employment.
DATE OF EFFECT: The amendments apply in relation to benefits provided on or after 1 October 2012.
[LTN 69, 12/4/13]