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-D - Qualifying forex accounts that pass the limited balance test  

Operative provisions

SECTION 775-235   Variation of election  

775-235(1)  
If you have made an election under section 775-230 , you may vary your election by:


(a) adding one or more *qualifying forex accounts; or


(b) removing one or more qualifying forex accounts.

775-235(2)  
A variation must be in writing.

775-235(3)  
Removing an account does not prevent you from adding the account in a future variation.


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