Income Tax Assessment Act 1936

PART III - LIABILITY TO TAXATION  

Division 1 - General  

SECTION 21   WHERE CONSIDERATION NOT IN CASH  

21(1)   [Non-cash consideration]  

Where, upon any transaction, any consideration is paid or given otherwise than in cash, the money value of that consideration shall, for the purposes of this Act, be deemed to have been paid or given.

21(2)   [Effect of section]  

This section has effect subject to section 21A .