Commonwealth Consolidated Acts

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FRINGE BENEFITS TAX ASSESSMENT ACT 1986 - SECT 58Y

Exempt benefits--membership fees and subscriptions

  (1)   Either of the following benefits provided by an employer to an employee of the employer in respect of the employee's employment is an exempt benefit:

  (a)   an expense payment benefit where the recipients expenditure is in respect of an eligible membership or subscription;

  (b)   a property benefit where the recipients property is an eligible membership or subscription.

  (2)   Each of the following is an eligible membership or subscription :

  (a)   a subscription to a trade or professional journal;

  (b)   an entitlement to use a corporate credit card;

  (c)   an entitlement to use an airport lounge membership.


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