Document ID: chunk:federal_register_of_legislation:C2015C00309:clause:8_37
Version: federal_register_of_legislation:C2015C00309
Segment Type: clause
Provision Reference: sch 8 cl 37
Character Range: 56015–56641

37  At the end of section 230‑230
Add:

Subdivision does not apply to extent gains or losses not recognised as at fair value
 (4) This Subdivision does not apply to a gain or loss you make from the *financial arrangement, to the extent:
 (a) you are required, as mentioned in paragraph 230‑220(1)(c), to otherwise treat as at fair value through profit and loss the assets or liabilities that the financial arrangement is; and
 (b) the principles or standards referred to in paragraph 230‑210(2)(a) do not require you to recognise the gain or loss as at fair value through profit or loss.
Note: See also subsection 230‑40(5).