Document ID: chunk:federal_register_of_legislation:C2010C00603:clause:7_5
Version: federal_register_of_legislation:C2010C00603
Segment Type: clause
Provision Reference: sch 7 cl 5
Character Range: 142327–142986

5  At the end of section 58C
Add:

 (5) If:
 (a) a benefit is an exempt benefit in relation to a year of tax under subsection (3); and
 (b) paragraph (3)(ca) applied to the employee; and
 (c) the employee or associate does not enter into a contract for the sale of the interest or right in the other dwelling referred to in that paragraph within 2 years after the new employment day;
this Act has effect as if:
 (d) a benefit equivalent to the exempt benefit were provided in respect of the employment of the employee in, or in respect of, the year of tax in which that period of 2 years expired; and
 (e) that equivalent benefit were not an exempt benefit.