Income Tax Assessment Act 1997
A *forex realisation loss you make as a result of forex realisation event 1, 2 or 5 is disregarded to the extent that it is made in gaining or producing *exempt income or *non-assessable non-exempt income.
A *forex realisation loss you make as a result of forex realisation event 3, 4 or 6 is disregarded to the extent that:
(a) it is made in gaining or producing *exempt income or *non-assessable non-exempt income; and
(b) the obligation, or the part of the obligation, does not give rise to a deduction.
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