Mr Brimble is a government minister. In 1995 he introduced Development Co Ltd to another company Construction-R-Us Co Ltd, as Development Co Ltd had some vacant land on which it wanted to develop into a large holiday unit complex. As part of this development, Development Co Ltd had to obtain approval from the Foreign Investment Review Board, which Mr Brimble helps in obtaining.

Due to assistance provided by Mr Brimble, Development Co Ltd was able to successfully proceed ahead with the holiday unit complex, and made a substantial profit on the sale of the individual units, of some $10,000,000. In gratitude of Mr Brimble s assistance Development Co Ltd gifted one of the holiday units to Mr Brimble, as well as paying for the stamp duty of $20,000 on the transfer of the unit. Usually such a holiday unit would have sold for $450,000.

In relation to the above facts which one of the following statements is true?

	Mr Brimble will not be assessable in relation to the transfer of the holiday unit from Development Co Ltd, as it is merely a personal gift.
	The transfer of the unit to Mr Brimble would be regarded as a capital receipt and therefore non-assessable.
	Since Mr Brimble is not an employee of Development Co Ltd, he could not be assessable on the receipt.
	The transfer of the unit cannot be assessable to Mr Brimble as it is not in the form of cash.
	The transfer of the unit to Mr Brimble would be assessable to him as it appears to be remuneration for services rendered.