Taxation Administration Act 1953
SCHEDULE 1
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COLLECTION AND RECOVERY OF INCOME TAX AND OTHER LIABILITIES
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.
Note: See section 3AA .
Chapter 5 - Administration
PART 5-30
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PAYMENT, ABN AND IDENTIFICATION VERIFICATION SYSTEM
Division 425
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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.
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