Commonwealth Consolidated Acts

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FRINGE BENEFITS TAX ASSESSMENT ACT 1986 - SECT 142C

Eligible shared accommodation in a house, flat or home unit

                   For the purposes of this Act, where:

                     (a)  the recipients unit of accommodation (in this section called the shared unit of accommodation ) in relation to a housing fringe benefit in relation to an employee in relation to a year of tax consists of accommodation in a house, flat or home unit; and

                     (b)  throughout the tenancy period, there ordinarily subsisted 3 or more other housing fringe benefits, where each of those other housing fringe benefits was a housing fringe benefit:

                              (i)  where the recipients unit of accommodation consisted of accommodation in the house, flat or home unit; and

                             (ii)  in relation to a different employee;

the shared unit of accommodation shall be taken to be eligible shared accommodation in the house, flat or home unit in relation to the year of tax.



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