10At the end of section 31

10 At the end of section 31 Add: (2) For the purposes of this section, “deducted home consumption expenditure” referred to in the definition of exempt food component in section 136 is to be taken to be: (a) in relation to a person of the age of 12 years or over—$42; and (b) in relation to a person under the age of 12 years—$21. > Note: Example: Calculation of the value of a living‑away‑from‑home allowance. > Note: Assume that a bankrupt living away from their family is given a living‑away‑from‑home allowance of $220 a week. Of this amount, $100 represents reasonable compensation for the costs of accommodation (i.e. the “exempt accommodation component” is $100), and $80 represents reasonable compensation for the cost of food. > Note: The remaining $40 is compensation for the disadvantage of living away from home in a town where facilities that would be available at home are not available. > Note: Under subsection 31(2), the exempt food component is $80 minus $42 (i.e. the compensation for increased food cost less the deducted home consumption expenditure). The value of the benefit is: > Note: $200 ‑ $100 ‑ ($80 ‑ $42) = $62 11 Sub‑subparagraph 32(b)(ii)(B) 12 Paragraph 32(c) 13 Section 36 ## 36 Taxable value of board fringe benefits #### 36 Taxable value of board fringe benefits Subject to this Part, the value of a board fringe benefit is: (a) in relation to a contribution assessment period beginning: (i) on 1 July 1992; or (ii) during the year beginning on 1 July 1992; $1; and (b) in relation to a later contribution assessment period—a sum worked out according to the formula:  CPI is the increase in the All Groups Consumer Price Index number that is the weighted average of the 8 capital cities published by the Australian Statistician in respect of the period that commences on 1 July 1992 and ends immediately before the start of the financial year in which the contribution assessment period commences.