Tax and Superannuation Laws Amendment (2013 Measures No. 2) Act 2013 (85 of 2013)
Schedule 8 Taxation of financial arrangements
Part 3 Fair value method
Income Tax Assessment Act 1997
37 At the end of section 230-230
Subdivision does not apply to extent gains or losses not recognised as at fair value
(4) This Subdivision does not apply to a gain or loss you make from the *financial arrangement, to the extent:
(a) you are required, as mentioned in paragraph 230-220(1)(c), to otherwise treat as at fair value through profit and loss the assets or liabilities that the financial arrangement is; and
(b) the principles or standards referred to in paragraph 230-210(2)(a) do not require you to recognise the gain or loss as at fair value through profit or loss.
Note: See also subsection 230-40(5).