An employer took each of its 10 management staff to have a meal at a restaurant to celebrate the end of

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58P. b. As there is food and drink provided, the benefit cannot be exempt. c. As the total value of the benefit provided is $2,500 it is not exempt. d. Only the value of the meal (and not the drinks) will be exempt under s58P.

An employer took each of its 10 management staff to have a meal at a restaurant to celebrate the end of a successful year. The restaurant meal was eight courses and included alcohol. The total cost of the meal and drinks was $250 per employee. There were no other non-cash benefits provided to its management staff during the FBT year. Wch of the following statements is most correct? a. The provision of the restaurant meal and drinks is an exempt benefit under s 58P. b. As there is food and drink provided, the benefit cannot be exempt. c. As the total value of the benefit provided is $2,500 it is not exempt. d. Only the value of the meal (and not the drinks) will be exempt under s58P.

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