Fringe benefits tax: where a housing fringe benefit is provided in a 'remote area' to an employee who is also a shareholder and/or director of the employer company, may an employer always elect to use the 'statutory amount' available under subsection 29(1) of the Fringe Benefits Tax Assessment Act 1986?

Taxation Determination TD 93/201, which issued on 21 September 1993, considers the provision of housing benefits in a remote area location for the purposes of subsection 29(1) of the Fringe Benefits Tax Assessment Act 1986 (FBTAA). Section 29 of the FBTAA was repealed by A New Tax System (Fringe Benefits) Act 2000 , effective from 1 April 2000.

As Taxation Determination TD 93/201 is no longer current, it is accordingly withdrawn. The Tax Office's publication Fringe benefits tax (FBT) - A guide for employers (NAT 1054) contains general information about this issue. A copy of this publication is available on the Tax Office's website: www.ato.gov.au .