INCOME TAX ASSESSMENT ACT 1997 - SECT 230.295 Objects of this Subdivision
INCOME TAX ASSESSMENT ACT 1997 - SECT 230.295
Objects of this SubdivisionThe objects of this Subdivision are:
(a) to facilitate the efficient management of financial risk by reducing after - tax mismatches and better aligning tax treatment where hedging takes place; and
(b) to minimise tax deferral and tax motivated practices
(including tax deferral arising from such practices as tax advantaged
selection from among possible hedges and inappropriate selection of tax
treatment).