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Tuesday, 17 February 1987
Page: 20

(Question No. 4459)

Mr Reith asked the Treasurer, upon notice, on 21 August 1986:

(1) Is it the Government's intention to collect fringe benefits tax from employers for employees on a fishing boat engaged in commercial fishing for (a) accommodation and (b) meals?

(2) If so, how are the values of these items calculated?

Mr Keating —The answer to the honourable member's question is as follows:

The provision of meals and accommodation to an employee on a fishing boat does not give rise to a taxable fringe benefit. This is because those costs would have been deductible to the employee for income tax purposes had the employee been required to pay for them.