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.".