Document ID: chunk:federal_register_of_legislation:C2012A00142:clause:1_27
Version: federal_register_of_legislation:C2012A00142
Segment Type: clause
Provision Reference: sch 1 cl 27
Character Range: 19071–20903

27  Transitional—existing employment arrangements
(1) During the transitional period, disregard paragraph 31C(a) and section 31D of the Fringe Benefits Tax Assessment Act 1986 if:
 (a) the employee is neither a temporary resident nor a foreign resident; and
 (b) during the entire period:
 (i) starting at the Budget time; and
 (ii) ending on 30 September 2012;
  that employment was covered by an eligible employment arrangement that was neither varied in a material way nor renewed.
(2) During the transitional period, disregard section 31D of the Fringe Benefits Tax Assessment Act 1986 if:
 (a) the employee is a temporary resident or a foreign resident; and
 (b) during the entire period:
 (i) starting at the Budget time; and
 (ii) ending on 30 September 2012;
  that employment was covered by an eligible employment arrangement that was neither varied in a material way nor renewed.
(3) In this item:
Budget time means 7.30 pm, by legal time in the Australian Capital Territory, on 8 May 2012.
eligible employment arrangement means an arrangement under which:
 (a) the employer; or
 (b) an associate of the employer;
commits to provide the employee with an allowance or benefit for the employee's accommodation, food or drink while the duties of that employment require the employee to live away from his or her normal residence.
foreign resident has the same meaning as in the Income Tax Assessment Act 1997.
temporary resident has the same meaning as in the Income Tax Assessment Act 1997.
transitional period means the period:
 (a) starting on 1 October 2012; and
 (b) ending at the earliest of:
 (i) 30 June 2014; and
 (ii) the time the eligible employment arrangement referred to in paragraph (1)(b) or (2)(b) ends; and
 (iii) the first time that eligible employment arrangement is varied in a material way or renewed.