Tax Laws Amendment (2004 Measures No. 1) Act 2004 (95 of 2004)

Schedule 10   Endorsement of charities etc.

Part 1   Amendments

Fringe Benefits Tax Assessment Act 1986

19   Subsection 57A(5)

Repeal the subsection, substitute:

(5) A benefit provided in respect of the employment of an employee is an exempt benefit if:

(a) the employer of the employee is a health promotion charity; and

(b) the health promotion charity is endorsed under subsection 123D(1).

Note: The heading to section 57A is altered by inserting " , health promotion charities " after " public benevolent institutions ".