Commonwealth Consolidated Acts

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FRINGE BENEFITS TAX ASSESSMENT ACT 1986 - SECT 58N

Exempt benefits--emergency assistance

    Where:

  (a)   a benefit is provided in respect of the employment of an employee of an employer;

  (b)   the benefit is provided solely by way of the grant of emergency assistance to the recipient; and

  (c)   if the benefit is:

  (i)   an expense payment benefit where the recipients expenditure is wholly or partly in respect of health care;

  (ii)   a property benefit where the recipients property is supplied in connection with the provision of health care;

  (iii)   a residual benefit where the recipients benefit consists of the provision of health care; or

  (iv)   a loan benefit constituted by the making of a loan where the purpose of the making of the loan is wholly or partly to enable the recipient to meet expenses incurred by the recipient in respect of health care;

    the health care is provided:

  (v)   by an employee of the employer or, if the employer is a company, of the employer or of a company that is related to the employer;

  (vi)   on premises of the employer or, if the employer is a company, of the employer or of a company that is related to the employer; or

  (vii)   at or adjacent to a place where employees of the employer or, if the employer is a company, of the employer or of a company that is related to the employer perform the duties of their employment;

the benefit is an exempt benefit.


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