Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 250.230

    The accruals method provided for in sections   250 - 235 to 250 - 255 applies to a gain or loss you make from the * financial arrangement if:

  (a)   the gain or loss is an overall gain or loss from the arrangement; and

  (b)   the gain or loss is sufficiently certain at the time when you start to have the arrangement.