Document ID: chunk:federal_register_of_legislation:C2005A00064:clause:4_1
Version: federal_register_of_legislation:C2005A00064
Segment Type: clause
Provision Reference: sch 4 cl 1
Character Range: 31127–31878

1  Subsection 136(1) (paragraph (hb) of the definition of fringe benefit)
Repeal the paragraph, substitute:
 (hb) a benefit constituted by the acquisition by a trust of money or other property where the sole activities of the trust are obtaining shares, or rights to acquire shares, in a company, or a holding company (within the meaning of the Corporations Act 2001) of the first‑mentioned company, and providing those shares or rights:
 (i) to employees, or associates of employees, of the first‑mentioned company; or
 (ii) to persons who are engaged in foreign service (within the meaning of section 139GBA of the Income Tax Assessment Act 1936) for the first‑mentioned company, or associates of those persons; or

Income Tax Assessment Act 1936