58ZBExempt benefits—approved student exchange programs

#### 58ZB Exempt benefits—approved student exchange programs (1) Where: (a) a benefit is provided in, or in respect of, a year of tax in respect of the employment of an employee of an employer; and (b) the benefit is in respect of participation in an approved student exchange program by the employee or an associate of the employee; and (c) the employer or an associate of the employer did not select, or take part in the selection of, the employee or associate as a participant in the program; the benefit is an exempt benefit in relation to the year of tax. (2) An approved student exchange program is a student exchange program run by a body that is registered as a student exchange body with the relevant State or Territory body in accordance with the National Guidelines for Student Exchange that are published by the National Co‑ordinating Committee for International Secondary Student Exchange.