Document ID: chunk:federal_register_of_legislation:C2010C00601:clause:2_3
Version: federal_register_of_legislation:C2010C00601
Segment Type: clause
Provision Reference: sch 2 cl 3
Character Range: 17151–17717

3  Subsection 58PC(3)
Repeal the subsection, substitute:

 (3) A contribution is made in accordance with existing industrial practice if the taxpayer or another person in the taxpayer's industry:
 (a) made payments in the FBT year beginning on 1 April 2002 to an existing worker entitlement fund; or
 (b) made payments in the FBT year beginning on 1 April 2003 to an approved worker entitlement fund;
for the purposes of ensuring that an obligation to make leave payments (including payments in lieu of leave) or payments when an employee ceases employment is met.