FRINGE BENEFITS TAX ASSESSMENT ACT 1986

PART III - FRINGE BENEFITS  

Division 3 - Debt waiver fringe benefits  

Subdivision A - 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.




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