Income Tax Assessment Act 1997

CHAPTER 4 - INTERNATIONAL ASPECTS OF INCOME TAX  

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.