Document ID: chunk:federal_register_of_legislation:C2025C00029:section:12:p32
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 12 (pt 32/43)
Character Range: 4025845–4028781

a right or obligation arising under a *retirement village residence contract;
 (b) a right or obligation arising under a *retirement village services contract;
 (c) a right or obligation arising under an *arrangement under which *residential care or *flexible care is provided.
 (4) For the purposes of subsection (3):
 (a) a retirement village residence contract is a contract that gives rise to a right to occupy *residential premises in a *retirement village; and
 (b) a retirement village services contract is a contract under which a resident of a retirement village is provided with general or personal services in the retirement village.

230‑480  Treatment of gains in form of franked distribution etc.
 (1) This section applies if a gain you make from a *financial arrangement is in the form of:
 (a) a *franked distribution (including a franked distribution that *flows indirectly to you); or
 (b) a right to receive a franked distribution (including a franked distribution that will flow indirectly to you).
 (2) This Division does not apply to the gain to the extent that the *franked distribution has a *franked part.

230‑481  Registered emissions units
  A *registered emissions unit is exempt from this Division.

Subdivision 230‑I—Other provisions

Table of sections
230‑485 Effect of change of residence—rules for particular methods
230‑490 Effect of change of residence—disposal and reacquisition etc. after ceasing to be Australian resident where no further recognised gains or losses from arrangement
230‑495 Effect of change of accounting principles or standards
230‑500 Comparable foreign accounting and auditing standards
230‑505 Financial arrangement as consideration for provision or acquisition of a thing
230‑510 Non‑arm's length dealings in relation to financial arrangement
230‑515 Arm's length dealings in relation to financial arrangement—adjustment to gain or loss in certain situations
230‑520 Disregard gains or losses covered by value shifting regime
230‑522 Adjusting a gain or loss that gives rise to a hybrid mismatch
230‑525 Consolidated financial reports
230‑527 Elections—reporting documents of foreign ADIs

230‑485  Effect of change of residence—rules for particular methods
 (1) The object of this section is to deal with your gains and losses for an income year in which you change residence by:
 (a) allocating the gains and losses to your periods of Australian and foreign residence in that income year; and
 (b) determining the assessability of the gains and the deductibility of the losses according to:
 (i) your residency in each period; and
 (ii) the sources of the gains and the connection of the losses with your assessable income.
 (2) This section applies if:
 (a) you are a foreign resident for part of an income year (the foreign residency period) and an Australian resident for the other part of the income year (the Australian residency period); and
 (b) section 230‑490 does