Summary
Amends the
Fringe Benefits Tax Assessment Act 1986
to remove the fringe benefits tax (FBT) exemption for food and drink provided as part of a salary sacrifice arrangement;
Fringe Benefits Tax Assessment Act 1986
,
Income Tax Assessment Act 1936
and
Income Tax Assessment Act 1997
to restrict FBT exemptions for certain work-related items;
Income Tax Assessment Act 1936
and
Income Tax Assessment Act 1997
in relation to the tax treatment of employee share scheme arrangements; and
Income Tax Assessment Act 1997
to increase to four years the period over which depreciable in-house software can be written off for tax purposes.