Document ID: chunk:federal_register_of_legislation:C2004C01086:clause:4_1:p6
Version: federal_register_of_legislation:C2004C01086
Segment Type: clause
Provision Reference: sch 4 cl 1 (pt 6/6)
Character Range: 156968–157490

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.

425‑30  Amounts to be expressed in Australian currency

  If this Part requires a payment made in foreign currency to be reported, the payment:
 (a) is to be expressed in Australian currency; and
 (b) is to be worked out on the basis of the exchange rate applicable when the amount is paid.

Part 2—Application of amendments