Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 230.205

    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.