Document ID: chunk:federal_register_of_legislation:C2025C00162:clause:1a_1157ta
Version: federal_register_of_legislation:C2025C00162
Segment Type: clause
Provision Reference: sch 1A cl 1157TA
Character Range: 2356938–2358838

1157TA  Value of grants of housing rights—employees of the Defence Force
 (1) This is how to work out the value of a housing fringe benefit to which subsection 1157I(1) applies that is provided to an employee of the Defence Force:

      Method statement
           Step 1. Work out the type of accommodation and go to the appropriate column in the Housing Fringe Benefits Value Table (Defence Force Employees): the number in the appropriate column is the weekly market rent of the unit of accommodation.
                  Note: If the person is a member of a couple, the weekly market rent is to be halved in certain circumstances (see subsection (4)).
           Step 2. Work out how many complete weeks in the appropriate tax year the unit of accommodation was or will be available to the person.
           Step 3. Multiply the weekly market rent of the unit of accommodation and the number of weeks obtained in Step 2: the result is the provisional value of the housing fringe benefit.
           Step 4. Work out the allowable rent for the unit of accommodation in the appropriate tax year using subsection (3).
                  Note: If a person is a member of a couple, the allowable rent is to be halved in certain circumstances (see subsection (4)).
           Step 5. Take the allowable rent away from the provisional value of the housing fringe benefit: the result is the value of the housing fringe benefit.
Note: For employee see section 10A.
 (2) The following Table is to be used in working out the value of a housing fringe benefit to which subsection 1157I(1) applies that is provided to an employee of the Defence Force:

Housing Fringe Benefits Value Table (Defence Force Employees)
Type of accommodation
House, flat or home unit                                        Any other unit of accommodation
3 or more bedrooms                                              1‑2 bedrooms