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-D - Qualifying forex accounts that pass the limited balance test  

Operative provisions

SECTION 775-235   Variation of election  

775-235(1)    
If you have made an election under section 775-230 , you may vary your election by:

(a) adding one or more *qualifying forex accounts; or

(b) removing one or more qualifying forex accounts.

775-235(2)    
A variation must be in writing.

775-235(3)    
Removing an account does not prevent you from adding the account in a future variation.