14‑10 Dividend, interest or royalty rece14‑10 Dividend, interest or royalty received, for a foreign resident, in the form of a non‑cash benefit

14‑10 Dividend, interest or royalty received, for a foreign resident, in the form of a non‑cash benefit

If: (a) an entity (the payer) receives in the form of a *non‑cash benefit: (i) a *dividend of a company; or (ii) interest (within the meaning of Division 11A of Part III of the Income Tax Assessment Act 1936); or (iii) a *royalty; and (b) section 12‑215, 12‑250 or 12‑285 would have required the payer to withhold an amount if the dividend, interest or royalty had been a payment in money; the payer must pay that amount to the Commissioner before providing the benefit (or part of it) to another entity.