58YExempt benefits—membership fees and subscriptions

#### 58Y Exempt benefits—membership fees and subscriptions (1) Either of the following benefits provided by an employer to an employee of the employer in respect of the employee’s employment is an exempt benefit: (a) an expense payment benefit where the recipients expenditure is in respect of an eligible membership or subscription; (b) a property benefit where the recipients property is an eligible membership or subscription. (2) Each of the following is an eligible membership or subscription: (a) a subscription to a trade or professional journal; (b) an entitlement to use a corporate credit card; (c) an entitlement to use an airport lounge membership.