1.1.E.90 Employer provided benefit (YA)

Definition

For the purposes of the YA parental means (1.1.P.50) test an employer provided benefit is a benefit an employer provides to, or on behalf of, an employee for the employee's, or in some cases their family's, private use.

Example: Employer provided benefits include:

cars,
school fees,
private health insurance,
low interest loans,
housing assistance,
financial investments, and
expense benefits.

Example: Some of the most common types of expense benefits include:

telephone expenses,
holiday expenses,
medical or hospital expenses,
union dues/professional association membership fees,
fuel and/or power expenses, including electricity, gas, oil or firewood,
entertainment,
grocery bills,
credit card accounts,
sporting or social club fees, and
child care expenses.

Amounts paid to meet or reimburse expenses incurred in connection with the employee's employment are NOT employer provided benefits.

Act reference: SSAct section 10A(2)-'fringe benefit', section 8(1)-'income amount'

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Last reviewed: 3 July 2000

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