MINERALS RESOURCE RENT TAX ACT 2012 (REPEALED)
If an entity gives and receives non-cash benefits under an arrangement (a barter transaction), the entity is taken to have:
The amount is the market value of the benefits the entity receives.
If an entity receives or gives a non-cash benefit for nothing (a gift transaction), the entity is taken to have received or paid an amount equal to the market value of the benefit, and to have paid or received that amount for the benefit.
| Operative provisions | |
| 195-5 | Object of this Division |
| 195-10 | Barter transactions |
| 195-15 | Gift transactions |
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