Tax and Superannuation Laws Amendment (2013 Measures No. 2) Act 2013 (85 of 2013)

Schedule 8   Taxation of financial arrangements

Part 2   Accruals/realisation methods

Division 2   Precedence of particular gains or losses

Income Tax Assessment Act 1997

11   At the end of subsection 230-100(2) (before the note)

Add:

; and (c) you choose to apply the accruals method to the gain or loss, or subsection (4) applies to the gain or loss.