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
48 Subsections 230-275(1) and (2)
Repeal the subsections, substitute:
(1) If you make a *foreign exchange retranslation election under subsection 230-255(3) in relation to a *financial arrangement after you start to have the arrangement, you must make a balancing adjustment under subsection (2).
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