Income Tax Assessment Act 1997

CHAPTER 6 - THE DICTIONARY

PART 6-1 - CONCEPTS AND TOPICS

Division 960 - General

Subdivision 960-S - Market value

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SECTION 960-400 What this Subdivision is about

The expression " market value " is often used in this Act with its ordinary meaning.

However, in some cases that expression has a meaning affected by this Subdivision.

The Commissioner may approve methods to use for working out the market value of assets or non-cash benefits.