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Taxation Administration Act 1953
13‑10 Alienated personal services paymen13‑10 Alienated personal services payments
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13‑10 Alienated personal services payments
An alienated personal services payment is a payment (including a payment in the form of a *non‑cash benefit) that a *personal services entity receives and that relates to an amount that: (a) is included in an individual’s assessable income under Division 86 of the Income Tax Assessment Act 1997; or (b) would be so included but for the fact that the entity received the income in the course of conducting a *personal services business.
For valuation of non‑cash benefits, see sections 21 and 21A of the Income Tax Assessment Act 1936.