(a) an employer will be covered by a proposed enterprise agreement that is not a greenfields agreement; and
(b) as a direct or indirect consequence of the operation of one or more terms of the agreement (the beneficial terms ), the employer or a person mentioned in subsection (2) will, or can reasonably be expected to, receive or obtain (directly or indirectly) a section 179A disclosable benefit (each such person is a beneficiary );
the employer must prepare a document in accordance with subsection (3).
(2) For the purposes of paragraph (1)(b), the persons are any of the following:
(a) an associated entity of the employer (other than an associated entity prescribed by the regulations);
(b) a person or body prescribed by the regulations for the purposes of this paragraph.
(3) The document must:
(a) itemise the beneficial terms; and
(b) describe the nature and (as far as reasonably practicable) amount of each section 179A disclosable benefit in relation to each beneficiary; and
(c) name each beneficiary; and
(d) be in accordance with any other requirements prescribed by the regulations for the purposes of this paragraph.
(4) A section 179A disclosable benefit is any financial benefit, other than a financial benefit that is:
(a) received or obtained in the ordinary course of the employer's business; or
(b) prescribed by the regulations for the purposes of this paragraph.