S.L. 123.55 Art. 45Other benefits.

(1) Except as otherwise expressly provided in these rules any payment in cash, whether by way of reimbursement, bonus, gratuity, allowance or otherwise, by a person to another person shall, unless accounted for as wages or salaries, be deemed to be a benefit provided by the former to the latter and its value shall be the amount so paid.

(2) Except as otherwise expressly provided in these rules any thing, right, privilege, perquisite or perk, other than cash, given under any title and in any manner whatsoever by a person to another person shall be deemed to constitute a benefit provided by the former to the latter and the value of such benefit shall be the market value of that thing, right, privilege, perquisite or perk.

(3) Notwithstanding the other provisions of these rules where the Commissioner is of the opinion that the value of any benefit is negligible he may, by a notice in writing, direct that it shall be treated as if it were not a benefit.