INCOME TAX ASSESSMENT ACT 1997 - SECT 230.250 Objects of this Subdivision

INCOME TAX ASSESSMENT ACT 1997 - SECT 230.250

    The objects of this Subdivision are:

  (a)   to allow you to align the tax treatment of gains and losses from foreign exchange rate changes with the accounting treatment of profits and losses from such changes; and

  (b)   to achieve this without allowing you to obtain an inappropriate tax benefit.