Document ID: chunk:federal_register_of_legislation:C2025C00029:section:4:p6
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 4 (pt 6/6)
Character Range: 6939221–6940281

increased balance period, see subsections (2) and (3).

Buffering during first and second increased balance period
 (2) For the purposes of this section, an increased balance period is a continuous period consisting of:
 (a) an income year; or
 (b) a particular part of an income year;
where, at each time during the period, either or both of the following conditions is satisfied:
 (c) the total of the credit balances of the account or accounts covered by your section 775‑230 election is more than the *foreign currency equivalent of $250,000, but not more than the foreign currency equivalent of $500,000;
 (d) the total of the debit balances of the account or accounts covered by your section 775‑230 election is more than the foreign currency equivalent of $250,000, but not more than the foreign currency equivalent of $500,000.
 (3) The table has effect:

Increased balance period
Item                      In this case...                                                                                                             this is the result...