Commonwealth Consolidated Acts

SOCIAL SECURITY ACT 1991 - SECT 1157JC

             (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 newstart allowance or a sickness allowance.