Section CE 1 — Income Tax Act 2007: Amounts derived in connection with employment

CE 1 Amounts derived in connection with employment Income (1) The following amounts derived by a person in connection with their employment or service are income of the person: (a) salary or wages or an allowance, bonus, extra pay, or gratuity: (b) expenditure on account of an employee that is expenditure on account of the person: (c) [Repealed] (d) a benefit received under a share purchase agreement: (e) directors’ fees: (f) compensation for loss of employment or service: (g) any other benefit in money. Benefit of accommodation (1B) The market value of the following benefits provided to a person is income of the person if the benefit is provided in relation to an office or position held by them: (a) the provision of accommodation: (b) the provision of an accommodation allowance instead of accommodation. Meaning of accommodation (2) For the purposes of this section and section CX 28 (Accommodation), accommodation means board or lodging, or the use of a house or living premises, or the use of part of a house or living premises. Defined in this Act: accommodation , amount , expenditure on account of an employee , extra pay , income , salary or wages , share purchase agreement Compare: 2004 No 35 s CE 1 Section CE 1(1) heading: inserted (with effect on 1 April 2008), on 6 October 2009, by section 24(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34). Section CE 1(1)(c): repealed (with effect on 1 April 2008), on 21 December 2010 (applying for the 2008-09 and later income years), by section 30(1) of the Taxation (GST and Remedial Matters) Act 2010 (2010, No 130). Section CE 1(1B) heading: inserted (with effect on 1 April 2008), on 21 December 2010 (applying for the 2008-09 and later income years), by section 30(2) of the Taxation (GST and Remedial Matters) Act 2010 (2010, No 130). Section CE 1(1B): inserted (with effect on 1 April 2008), on 21 December 2010 (applying for the 2008-09 and later income years), by section 30(2) of the Taxation (GST and Remedial Matters) Act 2010 (2010, No 130). Section CE 1(2) heading: added (with effect on 1 April 2008), on 6 October 2009, by section 24(3) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34). Section CE 1(2): added (with effect on 1 April 2008), on 6 October 2009, by section 24(3) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34). Section CE 1 list of defined terms accommodation : inserted (with effect on 1 April 2008), on 6 October 2009, by section 24(4) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).