Commonwealth Consolidated Acts

SOCIAL SECURITY ACT 1991 - SECT 1157JC

  (1)   A person (the employee ) receives a financial investment benefit if:

  (a)   an employer of the employee; or

  (b)   an associate of the employer; or

  (c)   a person (the arranger ), other than the employer or an associate of the employer, under an arrangement between:

  (i)   the employer or an associate of the employer; or

  (ii)   the arranger or another person;

pays for, or reimburses the cost of, the acquisition of a financial investment by the employee or a person connected with the employee.

  (2)   The making by a person, for the benefit of another person, of contributions to a superannuation fund or an ATO small superannuation account does not constitute payment for the acquisition of a financial investment by the other person.

  (3)   The following are persons connected with the employee:

  (a)   a partner of the employee;

  (b)   a dependent child of the employee or of the employee's partner;

  (c)   a person who would be a dependent child of the employee or of the employee's partner if the person was not receiving a jobseeker payment.