195‑10 Barter transactions195‑10 Barter transactions

#### 195‑10 Barter transactions (1) This section applies, if: (a) under an \*arrangement, an \*entity gives consideration of the following kind (non‑cash consideration): (i) a \*non‑cash benefit; (ii) a promise to pay money, other than a promise to pay money within 12 months; and (b) under the same arrangement, the entity receives non‑cash consideration. (2) For the purposes of this Act, when the \*entity gives the non‑cash consideration, the entity is taken to receive an amount (the received amount), for that consideration and any amount the entity actually gives under the \*arrangement, equal to the sum of: (a) the \*market value of the non‑cash consideration the entity receives; and (b) any amount the entity actually receives under the arrangement. (3) For the purposes of this Act, when the \*entity receives the non‑cash consideration, the entity is taken to pay the received amount for that consideration and any amount the entity actually receives under the arrangement. (4) To avoid doubt, for the purposes of subsection (2) or (3), an amount the \*entity actually gives or receives under the \*arrangement does not include an amount to which subparagraph (1)(a)(ii) applies.