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 775-240   Withdrawal of election  

775-240(1)  
If you have made an election under section 775-230 , you may withdraw your election.

775-240(2)  
A withdrawal must be in writing.

775-240(3)  
Withdrawing an election does not prevent you from making a fresh election under section 775-230 in relation to any or all of the same accounts.


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