Commonwealth Consolidated Acts Commonwealth Consolidated Acts(a) either of the following benefits (in this section called a household goods leasing benefit ) is provided in, or in respect of, a year of tax in respect of the employment of an employee:
(i) an expense payment benefit where the recipients expenditure is in respect of a lease or licence in respect of goods;
(ii) a residual benefit where the recipients benefit consists of the subsistence of a lease or licence in respect of goods;
(b) the goods are primarily for domestic use by, and in connection with accommodation for, family members;
(c) either of the following benefits is provided in, or in respect of, the year of tax to the employee in respect of that employment:
(i) an expense payment benefit where the recipients expenditure is in respect of a lease or licence in respect of that accommodation;
(ii) a residual benefit where the recipients benefit is constituted by the subsistence of a lease or licence in respect of that accommodation; and
(d) by virtue of section 21 or subsection 47(5), the benefit referred to in paragraph (c) is an exempt benefit in relation to the year of tax;
the household goods leasing benefit is an exempt benefit in relation to the
year of tax.