sec.28Basis for calculating fringe benefits applies in relation to mental health levy

sec.28 Basis for calculating fringe benefits applies in relation to mental health levy

This section applies to an employer if a relevant election made by the employer applied to the employer immediately before the commencement. From the commencement, and until the employer makes another election under part 3 , division 2 , the relevant election also applies for working out— the employer’s periodic levy liability; and if the employer is not a group member or is the DGE for a group—the employer’s annual levy liability. In this section— relevant election , for an employer, means an election made by the employer under part 3 , division 2 to include in returns estimated value amounts or actual value amounts and use those amounts to work out the employer’s periodic and annual liability. s 28 ins 2022 SL No. 168 s 17 (sec.28-ssec.1) This section applies to an employer if a relevant election made by the employer applied to the employer immediately before the commencement. (sec.28-ssec.2) From the commencement, and until the employer makes another election under part 3 , division 2 , the relevant election also applies for working out— the employer’s periodic levy liability; and if the employer is not a group member or is the DGE for a group—the employer’s annual levy liability. (sec.28-ssec.3) In this section— relevant election , for an employer, means an election made by the employer under part 3 , division 2 to include in returns estimated value amounts or actual value amounts and use those amounts to work out the employer’s periodic and annual liability.

• (a) the employer’s periodic levy liability; and
• (b) if the employer is not a group member or is the DGE for a group—the employer’s annual levy liability.