Document ID: chunk:federal_register_of_legislation:C2025C00120:section:142:p1
Version: federal_register_of_legislation:C2025C00120
Segment Type: section
Provision Reference: s 142 (pt 1/7)
Character Range: 552709–555206

142  Remote area housing
 (1) In this Act, a reference, in relation to a year of tax in relation to an employee of an employer, to a remote area housing loan connected with a dwelling is a reference to a housing loan relating to the dwelling where:
 (a) during the whole of the period (in this subsection referred to as the occupation period) in the year of tax when the employee occupied or used the dwelling as his or her usual place of residence:
 (i) the dwelling was situated in a State or internal Territory and was not at a location in, or adjacent to, an eligible urban area; and
 (ii) the employee was a current employee of the employer and the usual place of employment of the employee was not at a location in, or adjacent to, an eligible urban area;
 (b) the common conditions set out in subsection (2E) are satisfied in relation to the occupation period; and
 (d) the loan was not made to the employee pursuant to:
 (i) a non‑arm's length arrangement; or
 (ii) an arrangement that was entered into by any of the parties to the arrangement for the purpose, or for purposes that included the purpose, of enabling the employer to obtain the benefit of the application of section 60.
 (1A) In this Act, a reference, in relation to a year of tax in relation to an employee of an employer, to remote area housing rent connected with a unit of accommodation is a reference to rent or other consideration payable in respect of the subsistence of a lease or licence in respect of the unit of accommodation where:
 (a) during the whole of the period (in this subsection referred to as the occupation period) in the year of tax when the employee occupied or used the unit of accommodation as his or her usual place of residence:
 (i) the unit of accommodation was situated in a State or internal Territory and was not at a location in, or adjacent to, an eligible urban area; and
 (ii) the employee was a current employee of the employer and the usual place of employment of the employee was not at a location in, or adjacent to, an eligible urban area;
 (b) the common conditions set out in subsection (2E) are satisfied in relation to the occupation period; and
 (d) the lease or licence was not granted under:
 (i) a non‑arm's length arrangement; or
 (ii) an arrangement that was entered into by any of the parties to the arrangement for the purpose, or for purposes that included the purpose, of enabling the employer to obtain the benefit of the application of section 60.
 (2) In this Act,