Commonwealth Consolidated Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

INCOME TAX ASSESSMENT ACT 1997 - SECT 230.205

Objects of this Subdivision

    The objects of this Subdivision are:

  (a)   to allow you to align the tax treatment of gains and losses from * financial arrangements with the accounting treatment that applies where assets and liabilities are classified or designated as at fair value through profit or loss; and

  (b)   to facilitate efficient price - making; and

  (c)   to achieve the above objects without allowing you to obtain an inappropriate tax benefit.


AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback