During the current year, Tom & Jerry Pty Ltd provided fringe benefits to its employees. The taxable value of each benefit and details are given below:

• Property fringe benefit - $15,000: This value includes Goods and Service Tax (GST).
• Debt waiver fringe benefit - $8,000. This value does not include GST.
• External Expense Payment - $6000. This value includes GST.

You are required to respond to the following questions:

a)      Which tax legislation (specify the act/provision) impose a tax on the employer's benefits to the employee in the above scenario?

b)      Which of the above benefits gives rise to an input tax credit to Tom & Jerry Pty Ltd and why? Briefly explain the reason.

c)      Calculate the Fringe Benefits Tax (FBT) payable amount showing all the required steps.