FRINGE BENEFITS TAX ASSESSMENT ACT 1986
(a) a benefit is provided in, or in respect of, a year of tax in respect of the employment of an employee of an employer; and
(b) the benefit is in respect of participation in an approved student exchange program by the employee or an associate of the employee; and
(c) the employer or an associate of the employer did not select, or take part in the selection of, the employee or associate as a participant in the program;
the benefit is an exempt benefit in relation to the year of tax.58ZB(2) [Interpretation]
An approved student exchange program is a student exchange program run by a body that is registered as a student exchange body with the relevant State or Territory body in accordance with the National Guidelines for Student Exchange that are published by the National Co-ordinating Committee for International Secondary Student Exchange.