Acceptable GPS system for car log book records and for odometer records
15 December 2015
The ATO has confirmed by virtue of expressing its opinion in a class ruling that the following features must be present in an electronic logbook before it qualifies as valid:
An employer is entitled to a reduction in the operating cost of the car on account of business journeys undertaken in the car during the holding period if, and only if:
(a)
log book records and odometer records are maintained by or on behalf of the provider for an applicable log book period in relation to the car; and
(b)
odometer records are maintained by or on behalf of the provider for the holding period; and
(c)
if the provider is not the employer - those log book records and odometer records are given to the employer before the declaration date; and
(d)
the employer specifies the employer's estimate of the number of business kilometres travelled by the car during the holding period; and
(e)
the employer specifies a percentage as the business use percentage applicable to the car in relation to the provider for the holding period.