INCOME TAX ASSESSMENT ACT 1997 - SECT 230.95 Objects of this Subdivision

INCOME TAX ASSESSMENT ACT 1997 - SECT 230.95

    The objects of this Subdivision are:

  (a)   to properly recognise gains and losses from * financial arrangements by allocating them to appropriate periods of time; and

  (b)   to reduce compliance costs by reflecting commercial accounting concepts where appropriate; and

  (c)   to minimise tax deferral.