Document ID: chunk:federal_register_of_legislation:C2015C00309:clause:8_38
Version: federal_register_of_legislation:C2015C00309
Segment Type: clause
Provision Reference: sch 8 cl 38
Character Range: 56641–57356

38  At the end of section 230‑245
Add:
 (6) In determining, for the purposes of the balancing adjustment under subsection (2) or (4) or for the purposes of subsection (5), the fair value of the *financial arrangement at a time, disregard any changes in the fair value to the extent that:
 (a) you are required, as mentioned in paragraph 230‑220(1)(c), to otherwise treat the financial arrangement as at fair value through profit and loss; and
 (b) the principles or standards referred to in paragraph 230‑210(2)(a) do not require you to recognise the changes as at fair value through profit or loss.

Part 4—Hedging financial arrangements method

Division 1—One in all in principle

Income Tax Assessment Act 1997