FRINGE BENEFITS TAX ASSESSMENT ACT 1986

PART III - FRINGE BENEFITS  

Division 13 - Miscellaneous exempt benefits  

SECTION 58H   EXEMPT BENEFITS - NEWSPAPERS AND PERIODICALS USED FOR BUSINESS PURPOSES  

58H(1)   [Conditions for exemption]  

Where:


(a) any of the following benefits is provided to an employee in respect of his or her employment:


(i) an expense payment benefit where the recipients expenditure is in respect of a newspaper or periodical;

(ii) a property benefit where the recipients property is a newspaper or periodical;

(iii) a residual benefit where the recipients benefit consists of the making available of a newspaper or periodical; and


(b) the newspaper or periodical was for use by the employee for the purpose, or for purposes that included the purpose, of gaining or producing salary or wages of the employee in respect of that employment;

the benefit is an exempt benefit.

58H(2)   [Incidental purpose]  

In determining for the purposes of paragraph (1)(b) whether a newspaper or periodical was for use for the purpose of gaining or producing salary or wages, no regard shall be had to a purpose that is a merely incidental purpose.




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