Fringe Benefits Tax Assessment Act 1986
PART III
-
FRINGE BENEFITS
Division 11
-
Property fringe benefits
Subdivision A
-
Property benefits
SECTION 40
40
PROPERTY BENEFITS
Where, at a particular time, a person (in this section referred to as the provider ) provides property to another person (in this section referred to as the recipient ), the provision of the property shall be taken to constitute a benefit provided by the provider to the recipient at that time.
[ CCH Note: Modification Declaration FRLI No F2021L00261 ( Bankruptcy Regulations 2021 : FRLI No F2021L00261, registered on 19 March 2021 and effective from 1 April 2021.)
Division 11 of Part III of the Act is modified by repealing the Division.]
Where, at a particular time, a person (in this section referred to as the provider ) provides property to another person (in this section referred to as the recipient ), the provision of the property shall be taken to constitute a benefit provided by the provider to the recipient at that time.
This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.