Document ID: chunk:federal_register_of_legislation:C2025C00120:section:136:p29
Version: federal_register_of_legislation:C2025C00120
Segment Type: section
Provision Reference: s 136 (pt 29/34)
Character Range: 505704–508439

is a property benefit.
provide:
 (a) in relation to a benefit—includes allow, confer, give, grant or perform; and
 (b) in relation to property—means dispose of (whether by sale, gift, declaration of trust or otherwise):
 (i) if the property is a beneficial interest in property but does not include legal ownership—the beneficial interest; or
 (ii) in any other case—the legal ownership of the property.
provider, in relation to a benefit, means the person who provides the benefit.
providers portion, in relation to an expense payment fringe benefit, means whichever of the following amounts is applicable:
 (a) the amount of the payment referred to in paragraph 20(a) reduced by the amount of the recipients contribution;
 (b) the amount of the reimbursement referred to in paragraph 20(b).
provision time, in relation to the provision of property, means the time when the property is provided.
quarter means a period of 3 calendar months commencing on 1 January, 1 April, 1 July or 1 October.
rebatable employer has the meaning given by section 65J.
recipient, in relation to a benefit, means the person to whom the benefit is provided.
recipients benefit, in relation to a residual benefit, means the benefit to which the residual benefit relates.
recipients contribution:
 (a) in relation to a car parking fringe benefit, a property fringe benefit, a residual fringe benefit or a board fringe benefit, being a fringe benefit provided in respect of the employment of an employee of an employer, means the amount of any consideration paid to the provider or to the employer by the recipient or by the employee in respect of the provision of the recipients parking, the recipients property, the recipients benefit or the recipients meal, as the case may be, reduced by the amount of any reimbursement paid to the recipient in respect of that consideration; and
 (b) in relation to an expense payment fringe benefit provided in respect of the employment of an employee of an employer, being a fringe benefit to which paragraph 20(a) applies—the amount paid to the provider or to the employer by the recipient or by the employee in respect of the provision of the fringe benefit.
recipients current benefit, in relation to a period residual fringe benefit in relation to a year of tax, means the benefit to which the fringe benefit relates, insofar as that benefit was provided during the year of tax.
recipients current housing right, in relation to a housing fringe benefit in relation to a year of tax, means the housing right to which the fringe benefit relates, insofar as that housing right subsisted during the year of tax.
recipients expenditure, in relation to an expense payment benefit, means the expenditure incurred by the