14-1
CurrentObject of this Subdivision
Volume 1Parts I to V (sections 1 to 18), Schedule 1, Chapter 2, Part 2-1 to Part 2-5 (sections 6-1 to 21-5)
Schedule 1Collection and recovery of income tax and other liabilities
Chapter 2Collection, recovery and administration of income tax
Part 2-5Pay as you go (PAYG) withholding
Division 14Benefits, gains and taxable supplies for which amounts must be paid to the Commissioner
Subdivision 14-ANon‑cash benefits
14-1 Object of this Subdivision
The object of this Subdivision is:
(a)
to put entities that provide *non‑cash benefits, and entities that receive them, in a position similar to their position under Division 12 if payments of money had been made instead of the non‑cash benefits being provided; and
(b)
in that way, to prevent entities from avoiding their obligations under Division 12 by providing non‑cash benefits.
This Act’s bill:Second reading speech
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