Section 1157JC — Social Security Act 1991: Financial investment benefit

(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 jobseeker payment.