Document ID: chunk:federal_register_of_legislation:C2025C00162:clause:1a_1157jc
Version: federal_register_of_legislation:C2025C00162
Segment Type: clause
Provision Reference: sch 1A cl 1157JC
Character Range: 2339814–2340930

1157JC  Financial investment benefit
 (1) A person (the employee) receives a financial investment benefit if:
 (a) an employer of the employee; or
 (b) an associate of the employer; or
 (c) a person (the arranger), other than the employer or an associate of the employer, under an arrangement between:
 (i) the employer or an associate of the employer; or
 (ii) the arranger or another person;
pays for, or reimburses the cost of, the acquisition of a financial investment by the employee or a person connected with the employee.
 (2) The making by a person, for the benefit of another person, of contributions to a superannuation fund or an ATO small superannuation account does not constitute payment for the acquisition of a financial investment by the other person.
 (3) The following are persons connected with the employee:
 (a) a partner of the employee;
 (b) a dependent child of the employee or of the employee's partner;
 (c) a person who would be a dependent child of the employee or of the employee's partner if the person was not receiving a jobseeker payment.

Division 3—Value of car fringe benefits