Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 960.400

What this Subdivision is about

The expression "market value" is often used in this Act with its ordinary meaning.

However, in some cases that expression has a meaning affected by this Subdivision.

The Commissioner may approve methods to use for working out the market value of assets or non - cash benefits.

Table of sections

Operative provisions

960 - 405   Effect of GST on market value of an asset

960 - 410   Market value of non - cash benefits

960 - 412   Working out market value using an approved method

960 - 415   Amounts that depend on market value



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