31ATaxable value—fly‑in fly‑out and drive‑in drive‑out employees

#### 31A Taxable value—fly‑in fly‑out and drive‑in drive‑out employees (1) This section applies to a living‑away‑from‑home allowance fringe benefit covered by subsection 30(1) in relation to a year of tax to the extent that the employee satisfies all of the following for the fringe benefit and the period to which it relates: (a) the requirement that the employee has residential accommodation at or near his or her usual place of employment; (b) section 31E (about extra requirements for these employees); (c) section 31F (about declarations). (2) Subject to this Part, the taxable value of the fringe benefit in relation to the year of tax is the amount of the fringe benefit reduced by: (a) any exempt accommodation component; and (b) any exempt food component.