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

Schedule 3   Taxation of financial arrangements

Part 1   Taxation of financial arrangements amendments

Income Tax Assessment Act 1997

55   At the end of section 230-305

Add:

(2) For the purposes of item 2A of the table in subsection (1), determine the extent to which the gain or loss is reasonably attributable to a particular *hedged item having regard to the following:

(a) the fair value of the hedged item;

(b) the length of the period over which you have held the hedged item;

(c) commercially accepted valuation principles;

(d) any other relevant factors.