Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-10 - FINANCIAL TRANSACTIONS  

Division 230 - Taxation of financial arrangements  

Subdivision 230-E - Hedging financial arrangements method  

SECTION 230-325   230-325   Hedging financial arrangements to which election applies  


A * hedging financial arrangement election applies to a * hedging financial arrangement:


(a) that you start to have in the income year in which you make the election or in a later income year; and


(b) that is not excluded from the application of the election by section 230-330 .

Note:

Subject to a determination by the Commissioner, the hedging financial arrangement election does not apply to a financial arrangement you start to have after you fail to comply with the requirements in sections 230-355 and 230-360 and paragraph 230-365(c) in relation to a hedging financial arrangement to which the election does apply: see section 230-385 . See also subsection 230-305(1) .


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