Document ID: chunk:federal_register_of_legislation:C2025C00014:section:160zzze
Version: federal_register_of_legislation:C2025C00014
Segment Type: section
Provision Reference: s 160ZZZE
Character Range: 1508411–1509042

160ZZZE  Notional derivative transactions between branch and bank
  If the accounting records of an Australian branch of a foreign bank reflect a derivative transaction notionally entered into by the branch with the bank:
 (a) the notional transaction is taken to be a transaction entered into by the branch with the bank; and
 (b) any amount entered in the branch's accounting records as a payment or receipt in respect of the notional transaction is taken, for the purposes of this Act, to be an amount paid or received by the branch, as the case may be, in respect of the derivative transaction when the amount was so entered.