Fringe Benefits Tax Assessment Act 1986
PART III
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FRINGE BENEFITS
Division 3
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Debt waiver fringe benefits
Subdivision A
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Debt waiver benefits
SECTION 14
14
DEBT WAIVER BENEFITS
Where, at a particular time, a person (in this section referred to as the provider ) waives the obligation of another person (in this section referred to as the recipient ) to pay or repay to the provider an amount, the waiver shall be taken to constitute a benefit provided at that time by the provider to the recipient.
Where, at a particular time, a person (in this section referred to as the provider ) waives the obligation of another person (in this section referred to as the recipient ) to pay or repay to the provider an amount, the waiver shall be taken to constitute a benefit provided at that time by the provider to the recipient.
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