Document ID: chunk:federal_register_of_legislation:C2025C00029:section:4:p8
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 4 (pt 8/55)
Character Range: 3817907–3820807

(c) and (e) to the extent to which it is taken into account under the method referred to in paragraph (1)(f) (balancing adjustment).
 (3) A gain or loss is not taken into account under the method referred to in paragraph (1)(f) (balancing adjustment) to the extent to which it is taken into account under the method referred to in paragraph (1)(d) (hedging financial arrangement method).
Note: The hedging financial arrangement method may take some account of the gain or loss by reference to the balancing adjustment method (see subsection 230‑300(5)).

Elections override accruals and realisation methods
 (4) Subdivision 230‑B (accruals and realisation method) does not apply to a gain or loss you make from a *financial arrangement:
 (a) to the extent that Subdivision 230‑C (fair value method) applies to the gain or loss; or
Note: See subsection (5) of this section and subsection 230‑230(4).
 (b) to the extent that Subdivision 230‑D (foreign exchange retranslation method) applies to the gain or loss; or
 (c) to the extent that Subdivision 230‑E (hedging financial arrangements method) applies to the arrangement; or
 (d) if Subdivision 230‑F (method of relying on financial reports) applies to the arrangement; or
 (e) if the arrangement is a financial arrangement under section 230‑50 (equity interests etc.).

Priorities among election methods
 (5) Subdivision 230‑C (fair value method) does not apply to a gain or loss you make from a *financial arrangement:
 (a) to the extent that Subdivision 230‑E (hedging financial arrangements method) applies to the arrangement; or
 (b) if Subdivision 230‑F (method of relying on financial reports) applies to the arrangement.
 (6) Subdivision 230‑D (foreign exchange retranslation method) does not apply to a gain or loss you make from a *financial arrangement:
 (a) if Subdivision 230‑C (fair value method) applies to the arrangement; or
 (b) to the extent that Subdivision 230‑E (hedging financial arrangements method) applies to the arrangement; or
 (c) if Subdivision 230‑F (method of relying on financial reports) applies to the arrangement.
 (7) Subdivision 230‑F (method of relying on financial reports) does not apply to a gain or loss you make from a *financial arrangement to the extent that Subdivision 230‑E (hedging financial arrangements method) applies to the arrangement.

Financial arrangement concept

230‑45  Financial arrangement
 (1) You have a financial arrangement if you have, under an *arrangement:
 (a) a *cash settlable legal or equitable right to receive a *financial benefit; or
 (b) a cash settlable legal or equitable obligation to provide a financial benefit; or
 (c) a combination of one or more such rights and/or one or more such obligations;
unless:
 (d) you also have under the arrangement one or more legal or equitable rights to receive something and/or one or more legal or equitable obligations to provide