Document ID: chunk:federal_register_of_legislation:C2025C00120:section:136:p12
Version: federal_register_of_legislation:C2025C00120
Segment Type: section
Provision Reference: s 136 (pt 12/34)
Character Range: 464127–466684

goods;
 (vii) temporary repairs;
 (viii) any similar matter.
employee means:
 (a) a current employee;
 (b) a future employee; or
 (c) a former employee.
employee credit loan benefit, in relation to a year of tax, means a loan fringe benefit in relation to an employee in relation to the year of tax where:
 (a) the loan consists of the provision of credit to the employee in respect of:
 (i) property sold; or
 (ii) other benefits provided;
  to the employee by the provider of the fringe benefit; and
 (b) if the employee had, on the last day of the period during the year of tax when the employee was under an obligation to repay the whole or any part of the loan, incurred interest in respect of the loan in respect of that period, that interest would have been exclusively incurred in gaining or producing salary or wages of the employee in respect of the employment to which the fringe benefit relates.
employee share loan benefit, in relation to a year of tax, means a loan fringe benefit in relation to an employee in relation to an employer in relation to the year of tax where:
 (a) the sole purpose of the making of the loan is to enable the employee to acquire shares, or rights to acquire shares, in a company, being:
 (i) the employer; or
 (ii) an associate of the employer; and
 (b) the shares or rights were beneficially owned by the employee at all times during the period during the year of tax when the employee was under an obligation to repay the whole or any part of the loan.
employee's share of the taxable value of a fringe benefit has the meaning given by section 5F.
employer means:
 (a) a current employer;
 (b) a future employer; or
 (c) a former employer;
but does not include:
 (d) the Commonwealth; or
 (e) an authority of the Commonwealth that cannot, by a law of the Commonwealth, be made liable to taxation by the Commonwealth.
employment, in relation to a person, means the holding of any office or appointment, the performance of any functions or duties, the engaging in of any work, or the doing of any acts or things that results, will result or has resulted in the person being treated as an employee.
entertainment has the meaning given by section 32‑10 of the Income Tax Assessment Act 1997.
entertainment facility leasing expenses, for a person, means expenses incurred by the person in hiring or leasing:
 (a) a corporate box; or
 (b) boats, or planes, for the purpose of the provision of entertainment; or
 (c) other premises, or facilities, for the purpose of the provision of entertainment;
but does not include