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Which of the following statements is most correct? Superannuation contributions by an employer on behalf of an employee to a superannuation fund are included in

Which of the following statements is most correct?

  • Superannuation contributions by an employer on behalf of an employee to a superannuation fund are included in the assessable income of the employee.
  • Benefits received under a frequent flyer program by an employee will always be income of the employee calculated the market value of the frequent flyer points.
  • Where an amount is both ordinary income under s 6-5 ITAA97 and statutory income under s 15-2 ITAA97 it will be considered to be statutory income for assessment purposes.
  • Section 15-2 ITAA applies only to constructive receipts.
  • For an amount to be included in the assessable income of an employee there be a sufficient nexus between the receipt of the amount and their employment.

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