Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The * market value of an asset or * non - cash benefit that you work out using a method approved under subsection (2) for that kind of asset or benefit binds the Commissioner in relation to you.
Note: You do not have to use the method.
(2) The Commissioner may, by legislative instrument, approve methods for working out the * market value of assets or * non - cash benefits. A method may include conditions.
Note 1: Different methods may be approved for different kinds of assets or non - cash benefits (see subsection 13(3) of the Legislation Act 2003 ).
Note 2: Any approved method would need to be consistent with the other rules about market value in this Subdivision.