Income Tax Assessment Act 1997

CHAPTER 4 - INTERNATIONAL ASPECTS OF INCOME TAX  

PART 4-5 - GENERAL  

Division 775 - Foreign currency gains and losses  

Subdivision 775-C - Roll-over relief for facility agreements  

Operative provisions

SECTION 775-200  

775-200   Forex realisation event 4 does not apply  

A *forex realisation gain or a *forex realisation loss you make as a result of forex realisation event 4 or 9 is disregarded to the extent to which the event happens because:

(a) you discharge your obligation under an *eligible security issued by you under a *facility agreement; and

(b) you have made a choice for roll-over relief for the facility agreement, and that choice is in effect.