Fringe Benefits Tax Assessment Act 1986

PART III - FRINGE BENEFITS  

Division 13 - Miscellaneous exempt benefits  

SECTION 58E   58E   EXEMPT BENEFITS - LEASING OF HOUSEHOLD GOODS WHILE LIVING AWAY FROM HOME  

Where:

(a) either of the following benefits (in this section called a ``household goods leasing benefit'' ) is provided in, or in respect of, a year of tax in respect of the employment of an employee:

(i) an expense payment benefit where the recipients expenditure is in respect of a lease or licence in respect of goods;

(ii) a residual benefit where the recipients benefit consists of the subsistence of a lease or licence in respect of goods;

(b) the goods are primarily for domestic use by, and in connection with accommodation for, family members;

(c) either of the following benefits is provided in, or in respect of, the year of tax to the employee in respect of that employment:

(i) an expense payment benefit where the recipients expenditure is in respect of a lease or licence in respect of that accommodation;

(ii) a residual benefit where the recipients benefit is constituted by the subsistence of a lease or licence in respect of that accommodation; and

(d) by virtue of section 21 or subsection 47(5) , the benefit referred to in paragraph (c) is an exempt benefit in relation to the year of tax;

the household goods leasing benefit is an exempt benefit in relation to the year of tax.