Income Tax Assessment Act 1997
CHAPTER 4
-
INTERNATIONAL ASPECTS OF INCOME TAX
You may elect to have this section apply to you.
An election must be in writing. 775-150(3)
An election must be made:
(a) within 60 days after the applicable commencement date; or
(b) within 30 days after the commencement of this subsection.
An election may not be revoked.
PART 4-5
-
GENERAL
Division 775
-
Foreign currency gains and losses
Subdivision 775-B
-
Realisation of forex gains or losses
SECTION 775-150
Transitional election
775-150(1)
You may elect to have this section apply to you.
Note:
For the consequences of an election, see sections 775-160 and 775-165 .
775-150(2)An election must be in writing. 775-150(3)
An election must be made:
(a) within 60 days after the applicable commencement date; or
(b) within 30 days after the commencement of this subsection.
Note:
For applicable commencement date , see section 775-155 .
775-150(4)An election may not be revoked.
This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.