Tax Laws Amendment (2010 Measures No. 4) Act 2010 (136 of 2010)
Schedule 3 Taxation of financial arrangements
Part 3 Foreign currency amendments
Income Tax Assessment Act 1997
141 After section 775-25
Insert:
775-27 Certain forex realisation gains are non-assessable non-exempt income
Sections 775-20 and 775-25 apply to a *forex realisation gain only if, had it been a *forex realisation loss, it would have been disregarded under section 775-35.
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