INCOME TAX ASSESSMENT ACT 1997 - SECT 250.230 Application of accruals method
INCOME TAX ASSESSMENT ACT 1997 - SECT 250.230
Application of accruals methodThe 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.