Document ID: chunk:federal_register_of_legislation:C2025C00120:section:136:p20
Version: federal_register_of_legislation:C2025C00120
Segment Type: section
Provision Reference: s 136 (pt 20/34)
Character Range: 483798–486580

is the employer or an associate of the employer—at or about the provision time, the property provider carried on a business that consisted of or included the provision of identical or similar property principally to outsiders;
 (d) if the property provider is not the employer or an associate of the employer:
 (i) the property was acquired by the property provider from the employer or an associate of the employer (which employer or associate is in this definition called the seller); and
 (ii) at or about the provision time, both the property provider and the seller carried on a business that consisted of or included the provision of identical or similar property principally to outsiders; and
 (e) documentary evidence of the recipients expenditure is obtained by the recipient and that documentary evidence, or a copy, is given to the employer before the declaration date.
in‑house property fringe benefit, in relation to an employer, means a property fringe benefit in relation to the employer in respect of tangible property:
 (a) where both of the following conditions are satisfied:
 (i) the provider is the employer or an associate of the employer; and
 (ii) at or about the provision time, the provider carried on a business that consisted of or included the provision of identical or similar property principally to outsiders; or
 (b) where all of the following conditions are satisfied:
 (i) the provider is not the employer or an associate of the employer;
 (ii) the property was acquired by the provider from the employer or an associate of the employer (which employer or associate is in this definition called the seller); and
 (iii) at or about the provision time, both the provider and the seller carried on a business that consisted of or included the provision of identical or similar property principally to outsiders.
in‑house residual expense payment fringe benefit, in relation to an employer, means an expense payment fringe benefit in relation to the employer where:
 (a) the recipients expenditure was incurred in respect of the provision of a residual benefit (other than a benefit provided under a contract of investment insurance) by a person (in this definition called the residual benefit provider);
 (b) if the residual benefit provider is the employer or an associate of the employer—at or about the time that, if the residual benefit had been a residual fringe benefit, would have been the comparison time, the residual benefit provider carried on a business that consisted of or included the provision of identical or similar benefits principally to outsiders;
 (c) if the residual benefit provider is not the employer or an associate of the employer:
 (i) the residual benefit provider purchased the benefit from the employer or an associate