Tasmanian Consolidated Acts Tasmanian Consolidated Acts
The value of wages (except fringe benefits and shares and options) that are paid or payable in kind is the greater of –
(a) the value agreed or attributed to the wages in, or ascertainable for the wages from, arrangements between the employer and the employee, whichever is the greater; and
(b) if the regulations prescribe how the value of wages of that type is to be determined, the value determined in accordance with the regulations.