Fair Work Act 2009

If:

an employer will be covered by a proposed enterprise agreement that is not a greenfields agreement; and

as a direct or indirect consequence of the operation of one or more terms of the agreement (the beneficial terms), the employer or a person mentioned in subsection (2) will, or can reasonably be expected to, receive or obtain (directly or indirectly) a section 179A disclosable benefit (each such person is a beneficiary);

For the purposes of paragraph (1)(b), the persons are any of the following:

an associated entity of the employer (other than an associated entity prescribed by the regulations);

a person or body prescribed by the regulations for the purposes of this paragraph.

The document must:

itemise the beneficial terms; and

describe the nature and (as far as reasonably practicable) amount of each section 179A disclosable benefit in relation to each beneficiary; and

name each beneficiary; and

be in accordance with any other requirements prescribed by the regulations for the purposes of this paragraph.

A section 179A disclosable benefit is any financial benefit, other than a financial benefit that is:

received or obtained in the ordinary course of the employer’s business; or

prescribed by the regulations for the purposes of this paragraph.