Document ID: chunk:federal_register_of_legislation:C2025C00120:section:58p:p2
Version: federal_register_of_legislation:C2025C00120
Segment Type: section
Provision Reference: s 58P (pt 2/2)
Character Range: 247827–249585

the notional taxable values of any other associated benefits in relation to the current year of tax or any other year of tax;
 (iv) the practical difficulty for the employer in determining the notional taxable values in relation to the current year of tax of:
 (A) if the minor benefit is not a car benefit—the minor benefit; and
 (B) if there are any associated benefits that are not car benefits—those associated benefits; and
 (v) the circumstances surrounding the provision of the minor benefit and any associated benefits including, but without limiting the generality of the foregoing:
 (A) whether the benefit concerned was provided to assist the employee to deal with an unexpected event; and
 (B) whether the benefit concerned was provided otherwise than wholly or principally by way of a reward for services rendered, or to be rendered, by the employee;
  it would be concluded that it would be unreasonable to treat the minor benefit as a fringe benefit in relation to the employer in relation to the current year of tax;
the minor benefit is an exempt benefit in relation to the current year of tax.
 (2) For the purposes of this section, a benefit is an associated benefit in relation to a minor benefit if, and only if:
 (a) any of the following subparagraphs applies:
 (i) the benefit is identical or similar to the minor benefit;
 (ii) the benefit is provided in connection with the provision of the minor benefit;
 (iii) the benefit is identical or similar to a benefit provided in connection with the provision of the minor benefit;
 (b) the benefit and the minor benefit both relate to the same employment of a particular employee; and
 (c) the benefit is not an exempt benefit by virtue of a provision of this Act other than this section.