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
148 After section 775-165
Insert:
775-168 Exception - disposal or redemption of traditional securities
A *forex realisation gain or *forex realisation loss you make as a result of forex realisation event 2 is disregarded if the event happened because of a disposal or redemption covered by:
(a) subsection 26BB(4) or (5) of the Income Tax Assessment Act 1936; or
(b) subsection 70B(2B) or (2C) of that Act.
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