Document ID: chunk:federal_register_of_legislation:C2010C00611:clause:4_4:p2
Version: federal_register_of_legislation:C2010C00611
Segment Type: clause
Provision Reference: sch 4 cl 4 (pt 2/11)
Character Range: 97727–100218

or part of the right;
reduced by any amounts that are deductible under a provision of this Act other than this Division.

775‑90  Forex entitlement base of a right to pay foreign currency

  The forex entitlement base of a right, or a part of a right, to pay *foreign currency is the total of:
 (a) the money you:
 (i) are entitled to receive; or
 (ii) would be entitled to receive in the event of the exercise of an option;
  in respect of the discharge or satisfaction of the right or the part of the right; and
 (b) the *market value of any *non‑cash benefit you:
 (i) are entitled to acquire or obtain; or
 (ii) would be entitled to acquire or obtain in the event of the exercise of an option;
  in respect of the discharge or satisfaction of the right or the part of the right;
reduced by:
 (c) any amounts that you paid to acquire the right or the part of the right, where the amounts are not deductible under a provision of this Act other than this Division; and
 (d) the market value of any non‑cash benefit that you provided to acquire the right or the part of the right, where the market value is not deductible under a provision of this Act other than this Division.

775‑95  Proceeds of assuming an obligation to pay foreign currency

  For the purposes of this Division, the proceeds of assuming an obligation, or a part of an obligation, to pay *foreign currency are the total of:
 (a) the money you:
 (i) received; or
 (ii) are entitled to receive; or
 (iii) would be entitled to receive in the event of the exercise of an option;
  in return for incurring the obligation or the part of the obligation; and
 (b) the *market value of any *non‑cash benefit you:
 (i) acquired or obtained; or
 (ii) are entitled to acquire or obtain; or
 (iii) would be entitled to acquire or obtain in the event of the exercise of an option;
  in return for incurring the obligation or the part of the obligation;
reduced by any amounts that are included in assessable income under a provision of this Act other than this Division.

775‑100  Net costs of assuming an obligation to receive foreign currency

 (1) For the purposes of this Division, the net costs of assuming an obligation, or a part of an obligation, to receive *foreign currency are the total of:
 (a) the money you:
 (i) are required to pay; or
 (ii) would be required to pay in the event of the exercise of an option;
  in respect of the fulfilment of the obligation or the part of the obligation; and
 (b) the *market value