55Benefits provided by certain international organisations to be exempt

#### 55 Benefits provided by certain international organisations to be exempt A benefit provided in respect of the employment of an employee of an employer is an exempt benefit if: (a) the employer is an organisation that, but for subsections 66(2) and (3), would be exempt from a liability to pay tax in respect of the benefit by virtue of the operation of the International Organisations (Privileges and Immunities) Act 1963; or (b) the employer is an organisation established by an agreement to which Australia is a party and which obliges Australia to grant the employer an exemption from a liability to pay tax in respect of the benefit.