Taxation Laws Amendment Act (No. 2) 1993 (18 of 1993)

PART 2   AMENDMENT OF THE FRINGE BENEFITS TAX ASSESSMENT ACT 1986

Division 2   Amendment relating to child care access

4   Exempt residual benefits

Section 47 of the Principal Act is amended by omitting subsection (8) and substituting the following subsection:

"(8) If:

(a) a residual benefit provided in respect of the employment of an employee arose out of priority of access, for a child or children of the employee, to:

(i) a place that is an eligible child care centre for the purposes of any provision of the Child Care Act 1972; or

(ii) family day care; or

(iii) care outside school hours; or

(iv) care in school vacations; and

(b) in order to obtain that priority of access, the employer of the employee, or an associate of the employer, made a contribution under a program administered by the Department of Health, Housing, Local Government and Community Services;

the residual benefit is an exempt benefit.".