(7) For the purposes of this section, the exempt rate for the financial year concerned is— S. 29(7)(a) (a) the rate of cents per kilometre determined substituted by under subsection 28-25(4) of the ITAA for No. 66/2016 the purposes of subsection (1) of that section s. 6(a). in the financial year immediately preceding the financial year in which the allowance is paid or payable; or (b) if no rate of cents per kilometre referred S. 29(7)(b) amended by to in paragraph (a) is prescribed, the rate No. 66/2016 s. 6(b). prescribed by the regulations under this Act. 30 Accommodation allowances (1) For the purposes of this Act, do not include wages an accommodation allowance paid or payable to an employee in respect of a night's absence from the person's usual place of residence that does not exceed the exempt rate. (2) If the accommodation allowance paid or payable to an employee in respect of a night's absence from the person's usual place of residence exceeds the exempt rate, include that allowance wages only to the extent that it exceeds the exempt rate. (3) For the purposes of this section, the exempt rate for the financial year concerned is— (a) the total reasonable amount for daily travel allowance expenses using the lowest capital city for the lowest salary band for the financial year determined by the Commissioner of Taxation of the Commonwealth; or (b) if no determination referred to in paragraph (a) is in force, the rate prescribed by the regulations.
(7) For the purposes of this section, the exempt rate for the financial year concerned is— S. 29(7)(a) substituted by No. 66/2016 s. 6(a). (a) the rate of cents per kilometre determined under subsection 28-25(4) of the ITAA for the purposes of subsection (1) of that section in the financial year immediately preceding the financial year in which the allowance is paid or payable; or S. 29(7)(b) amended by No. 66/2016 s. 6(b). (b) if no rate of cents per kilometre referred to in paragraph (a) is prescribed, the rate prescribed by the regulations under this Act. 30 Accommodation allowances (1) For the purposes of this Act, wages do not include an accommodation allowance paid or payable to an employee in respect of a night's absence from the person's usual place of residence that does not exceed the exempt rate. (2) If the accommodation allowance paid or payable to an employee in respect of a night's absence from the person's usual place of residence exceeds the exempt rate, wages include that allowance only to the extent that it exceeds the exempt rate. (3) For the purposes of this section, the exempt rate for the financial year concerned is— (a) the total reasonable amount for daily travel allowance expenses using the lowest capital city for the lowest salary band for the financial year determined by the Commissioner of Taxation of the Commonwealth; or (b) if no determination referred to in paragraph (a) is in force, the rate prescribed by the regulations.