63AReduction of taxable value in respect of entertainment component of certain fringe benefits

#### 63A Reduction of taxable value in respect of entertainment component of certain fringe benefits Taxable value reduced by entertainment percentage (1) If: (a) the recipient of an expense payment fringe benefit in relation to an employer in relation to a year of tax is an employee of the employer; and (b) a percentage of the recipients expenditure is in respect of the provision of entertainment other than to the recipient or an associate of the recipient; the amount that, apart from this subsection, would be the taxable value of the expense payment fringe benefit in relation to the year of tax is reduced by that percentage. Avoidance of double reduction (2) If the taxable value of the expense payment fringe benefit has been reduced under Division 5 by reason of a particular matter or thing, the taxable value of the fringe benefit is not reduced under this section in respect of the same matter or thing.