16Vehicles

16 Vehicles

(1) If an office holder: (a) accepts an offer of a vehicle owned or leased by the office holder’s agency for private use; or (b) has access to a vehicle owned or leased by the office holder’s agency for private use; the actual cost of the vehicle to the agency (including fringe benefits tax), less a reasonable amount (if any) reflecting business usage patterns, is taken to be a benefit. (2) For the purposes of subsection (1): (a) if the annual business kilometres are less than 5,000—the business usage amount is to be based on the “cents per kilometre” method; or (b) if the annual business kilometres are 5,000 or more: (i) any business usage amount is to be assessed on log book records for at least a 12 week representative period; and (ii) the percentage of business use to total kilometres travelled per year is to be applied to the total cost of the vehicle.