Document ID: chunk:federal_register_of_legislation:C2025C00120:section:58y
Version: federal_register_of_legislation:C2025C00120
Segment Type: section
Provision Reference: s 58Y
Character Range: 267353–268018

58Y  Exempt benefits—membership fees and subscriptions
 (1) Either of the following benefits provided by an employer to an employee of the employer in respect of the employee's employment is an exempt benefit:
 (a) an expense payment benefit where the recipients expenditure is in respect of an eligible membership or subscription;
 (b) a property benefit where the recipients property is an eligible membership or subscription.
 (2) Each of the following is an eligible membership or subscription:
 (a) a subscription to a trade or professional journal;
 (b) an entitlement to use a corporate credit card;
 (c) an entitlement to use an airport lounge membership.