Fringe Benefits Tax Assessment Act 1986

PART III - FRINGE BENEFITS  

Division 13 - Miscellaneous exempt benefits  

SECTION 58Y   EXEMPT BENEFITS - MEMBERSHIP FEES AND SUBSCRIPTIONS  

58Y(1)   [Exempt benefits]  

Either of the following benefits provided by an employer to an employee of the employer in respect of the employee's employment is an exempt benefit:

(a) an expense payment benefit where the recipients expenditure is in respect of an eligible membership or subscription;

(b) a property benefit where the recipients property is an eligible membership or subscription.

58Y(2)   [Eligible membership or subscription]  

Each of the following is an eligible membership or subscription :

(a) a subscription to a trade or professional journal;

(b) an entitlement to use a corporate credit card;

(c) an entitlement to use an airport lounge membership.