Shoes R Us $($SRU$)$ is a shoe manufacturer which sells its shoes directly to the public. On $1$ May $2022,$ SRU provided one of its employees, Shirley, with a car as Shirley does a lot of travelling for work purposes. However, Shirley$$s usage of the car is not restricted to work only. SRU purchased the car on that date for $$55,000($including GST$).$

For the period $1$ May $2022$ to $31$ March $2023,$ Shirley travelled $10,000$ kilometres in the car and incurred expenses of $$550($including GST$)$ on minor repairs that have been reimbursed by SRU. The car was not used for $10$ days when Shirley was interstate and the car was parked at the airport, and for another five days when the car was at the mechanic for scheduled annual repairs.

On $1$ September $2022,$ SRU provided Shirley with a loan of $$2,000,000$ at an interest rate of $2\mathrm{.}52\%.$ Shirley used $$1,500,000$ of the loan to purchase a new private yacht and a holiday home and lent the remaining $$500,000$ to her husband $($interest free$)$ to purchase shares in National Australia Bank. Interest on a loan to purchase private assets is not deductible while interest on a loan to purchase income$-$producing assets is deductible.

During the year, Shirley purchased shoes manufactured by SRU for $$700.$ The shoes only cost SRU $$300$ to manufacture and are sold to the general public for $$1,000.$

$($a$)$ Advise SRU of its FBT consequences arising out of the above information, including calculation of any FBT liability, for the year ending $31$ March $2023.$ You may assume that the agreement in relation to the provision of the car fringe benefit was entered into at the time the car was provided as a fringe benefit. Also assume that SRU would be entitled to input tax credits in relation to any GST$-$inclusive acquisitions.

$($b$)$ How would your answer to $($a$)$ differ if Shirley used the $$500,000$ to purchase the shares herself, instead of lending it to her husband?