FRINGE BENEFITS TAX ASSESSMENT ACT 1986

PART III - FRINGE BENEFITS  

Division 13 - Miscellaneous exempt benefits  

SECTION 55   55   BENEFITS PROVIDED BY CERTAIN INTERNATIONAL ORGANISATIONS TO BE EXEMPT  
A benefit provided in respect of the employment of an employee of an employer is an exempt benefit if:


(a) the employer is an organisation that, but for subsections 66(2) and (3) , would be exempt from a liability to pay tax in respect of the benefit by virtue of the operation of the International Organisations (Privileges and Immunities) Act 1963 ; or


(b) the employer is an organisation established by an agreement to which Australia is a party and which obliges Australia to grant the employer an exemption from a liability to pay tax in respect of the benefit.




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