Commonwealth Consolidated Acts

FRINGE BENEFITS TAX ASSESSMENT ACT 1986 - SECT 58ZB

  (1)   Where:

  (a)   a benefit is provided in, or in respect of, a year of tax in respect of the employment of an employee of an employer; and

  (b)   the benefit is in respect of participation in an approved student exchange program by the employee or an associate of the employee; and

  (c)   the employer or an associate of the employer did not select, or take part   in the selection of, the employee or associate as a participant in the program;

the benefit is an exempt benefit in relation to the year of tax.

  (2)   An approved student exchange program is a student exchange program run by a body that is registered as a student exchange body with the relevant State or Territory body in accordance with the National Guidelines for Student Exchange that are published by the National Co - ordinating Committee for International Secondary Student Exchange.