Income Tax Assessment Act 1997

CHAPTER 4 - INTERNATIONAL ASPECTS OF INCOME TAX  

PART 4-5 - GENERAL  

Division 832 - Hybrid mismatch rules  

Subdivision 832-K - Modifications for Division 230 (about taxation of financial arrangements)  

Operative provisions

SECTION 832-785   Adjusting Division 230 loss  

832-785(1)    
This section applies if a provision of this Division (a disallowing provision ) would, apart from this section, apply to make not allowable all or a part of a deduction for:

(a) a loss from a *Division 230 financial arrangement; or

(b) an amount treated under section 832-790 as a separate loss from a Division 230 financial arrangement.

832-785(2)    
The disallowing provision does not apply.

Note:

See instead section 230-522 .

832-785(3)    
However, the following provisions (about adjustments) apply as if the disallowing provision had applied to make the deduction, or the part of the deduction, not allowable:

(a) 832-240(1)(a) ;

(b) 832-335(1)(a) ;

(c) 832-565(1)(a) .