New Business Tax System (Taxation of Financial Arrangements) Act (No. 1) 2003 (133 of 2003)

Schedule 4   Foreign currency

Part 1   Amendments

Income Tax Assessment Act 1997

55   At the end of section 134-1

Add:

(6) This Division does not apply to:

(a) an option to the extent that the option binds the grantor to *dispose of *foreign currency; or

(b) an option to the extent that the option binds the grantor to *acquire *foreign currency.