Taxation Laws Amendment Act (No. 3) 1997 (147 of 1997)

Schedule 7   Remote area housing

Fringe Benefits Tax Assessment Act 1986

1   At the end of Division 13 of Part III

Add:

58ZA Exempt benefits - remote area housing used in primary production

A benefit that would, apart from this section, be a remote area housing fringe benefit is an exempt benefit if:

(a) the benefit is provided by an employer who is, for the purposes of theIncome Tax Assessment Act 1936, carrying on a business of primary production; and

(b) the benefit is provided to an employee of the employer; and

(c) the employee is employed in that business of primary production; and

(d) the benefit is provided in respect of that employment.