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 2/6)
Character Range: 128245–130818

event 6 happens if:
 (a) you discharge an obligation, or a part of an obligation, to pay the *foreign currency principal amount of a notional loan attached to an *eligible security issued by you under a *facility agreement; and
 (b) you have made a choice for roll‑over relief for the agreement, and that choice is in effect.

Time of event

 (2) The time of the event is when you discharge the obligation or the part of the obligation.

Forex realisation gain

 (3) You make a forex realisation gain if:
 (a) the amount of the obligation, or the part of the obligation, at the start time of the notional loan, exceeds the amount you paid in order to discharge the obligation or the part of the obligation; and
 (b) some or all of the excess is attributable to a *currency exchange rate effect.
The amount of the forex realisation gain is so much of the excess as is attributable to a currency exchange rate effect.

Note: For currency exchange rate effect, see section 775‑105.

Forex realisation loss

 (4) You make a forex realisation loss if:
 (a) the amount of the obligation, or the part of the obligation, at the start time of the notional loan, falls short of the amount you paid in order to discharge the obligation or the part of the obligation; and
 (b) some or all of the shortfall is attributable to a *currency exchange rate effect.
The amount of the forex realisation loss is so much of the shortfall as is attributable to a currency exchange rate effect.

Note: For currency exchange rate effect, see section 775‑105.

Exempt income etc.

 (5) For the purposes of the application of sections 775‑20, 775‑25 and 775‑35 to the event, assume that the notional loan had been an actual loan.

775‑220  Material variation of a facility agreement—forex realisation event 7

Forex realisation event 7

 (1) Forex realisation event 7 happens if:
 (a) a material variation is made to the terms or conditions of a *facility agreement; or
 (b) a material variation is made to the effect of a facility agreement; or
 (c) a material variation is made to the type or types of security that can be issued under a facility agreement;
so long as you have made a choice for roll‑over relief for the facility agreement, and that choice is in effect.

Note: See also subsections (7) and (8).

Time of the event

 (2) The time of the event is when the material variation happens.

Forex realisation gain

 (3) You make a forex realisation gain if:
 (a) the total of the forex realisation gains that you would have made as a result of forex realisation event 6 if you had,