Tax Laws Amendment (2010 Measures No. 4) Act 2010 (136 of 2010)

Schedule 3   Taxation of financial arrangements

Part 3   Foreign currency amendments

Income Tax Assessment Act 1997

141   After section 775-25

Insert:

775-27 Certain forex realisation gains are non-assessable non-exempt income

Sections 775-20 and 775-25 apply to a *forex realisation gain only if, had it been a *forex realisation loss, it would have been disregarded under section 775-35.