Taxation Administration Act 1953

SCHEDULE 1 - COLLECTION AND RECOVERY OF INCOME TAX AND OTHER LIABILITIES  

Note: See section 3AA .

Chapter 5 - Administration  

PART 5-30 - PAYMENT, ABN AND IDENTIFICATION VERIFICATION SYSTEM  

Division 425 - Other matters  

SECTION 425-25  

425-25   NON-CASH BENEFITS  

For the purposes of this Part, if an entity (the payer ) provides a *non-cash benefit to another entity (the recipient ), the payer is taken to have made a payment of an amount equal to the *market value of the benefit provided.