Fringe Benefits Tax Assessment Act 1986

PART III - FRINGE BENEFITS  

Division 13 - Miscellaneous exempt benefits  

SECTION 58ZB   EXEMPT BENEFITS - APPROVED STUDENT EXCHANGE PROGRAMS  

58ZB(1)   [When benefit is exempt]  

Where:

(a) a benefit is provided in, or in respect of, a year of tax in respect of the employment of an employee of an employer; and

(b) the benefit is in respect of participation in an approved student exchange program by the employee or an associate of the employee; and

(c) the employer or an associate of the employer did not select, or take part in the selection of, the employee or associate as a participant in the program;

the benefit is an exempt benefit in relation to the year of tax.

58ZB(2)   [Interpretation]  

An approved student exchange program is a student exchange program run by a body that is registered as a student exchange body with the relevant State or Territory body in accordance with the National Guidelines for Student Exchange that are published by the National Co-ordinating Committee for International Secondary Student Exchange.