Document ID: chunk:federal_register_of_legislation:C2025C00120:section:61c:p3
Version: federal_register_of_legislation:C2025C00120
Segment Type: section
Provision Reference: s 61C (pt 3/3)
Character Range: 308522–310655

if the initial accommodation search period ends or ended before any contract of a kind referred to in subparagraph (i) of this paragraph is or was entered into by the employee or an associate—the day on which that period ends or ended;
 (iii) if:
 (A) the unit of accommodation that was the employee's former usual place of residence was a dwelling in which the employee, or an associate of the employee, held a relevant proprietary interest;
 (B) within 6 months after the relocation day, a contract for the sale of that relevant proprietary interest is or was entered into; and
 (C) the efforts referred to in paragraph (1)(d), and the efforts of that kind that continue or continued to be made during the initial accommodation search period are, or were, efforts to acquire a relevant proprietary interest in a unit of accommodation, being a dwelling;
  the day occurring 12 months after the relocation day;
 (iv) except in a case where subparagraph (iii) applies—the day occurring 6 months after the relocation day;
the amount that, but for this subsection and section 62, would be the taxable value of the fringe benefit in relation to the year of tax shall be reduced by the attributable percentage.
 (4) A reference in this section to the acquisition of a unit of accommodation includes a reference to the acquisition of a relevant proprietary interest in a unit of accommodation, being a dwelling.
 (5) In this section:
initial accommodation search period, in relation to a case to which paragraph (1)(d) applies, means the period commencing on the commencement, or the first commencement, as the case requires, of the efforts referred to in that paragraph and ending when efforts of that kind first cease or ceased to be made.
relevant proprietary interest, in relation to a unit of accommodation, being a dwelling, means:
 (a) in any case—a prescribed interest in land on which a building constituting, or containing, the dwelling is located;
 (b) in any case—a prescribed interest in a stratum unit in relation to the dwelling; or
 (c) if the dwelling is a flat or home unit—a proprietary right in respect of the dwelling.