Document ID: chunk:federal_register_of_legislation:C2025C00029:section:4:p30
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 4 (pt 30/55)
Character Range: 3872082–3874633

gain or loss for the purposes of the profit or loss statement of the financial report mentioned in paragraph 230‑150(1)(a); and
 (b) the method is determined before you start to have the *financial arrangement; and
 (c) the method can be justified objectively; and
 (d) the method is reasonable in the circumstances.
 (5) To avoid doubt, subsections (3) and (4) apply despite sections 230‑130 and 230‑135.

230‑170  Allocating gain or loss to income years
 (1) You are taken, for the purposes of section 230‑15, to make, for an income year, a gain or loss equal to a part of a gain or loss if:
 (a) that part of the gain or loss is allocated to an interval under section 230‑135; and
 (b) that interval falls wholly within that income year.
 (2) If:
 (a) a part of a gain or loss is allocated to an interval under section 230‑135; and
 (b) that interval straddles 2 income years;
you are taken, for purposes of section 230‑15, to make a gain or loss equal to so much of that part of the gain or loss as is allocated between those income years on a reasonable basis.
 (2A) Subsections (1) and (2) do not apply to a part of a gain or loss if:
 (a) subsection 230‑100(3A) or 230‑130(4A) applies to the gain or loss; and
 (b) that part of the gain or loss is allocated to an interval under section 230‑135; and
 (c) that interval ends before or during the income year during which the gain or loss becomes sufficiently certain (as mentioned in paragraph 230‑100(3A)(b) or 230‑130(4A)(f), whichever is applicable).
Instead, you are taken, for the purposes of section 230‑15, to make, for that income year, a gain or loss equal to that part of that gain or loss.
 (3) If:
 (a) a *head company of a *consolidated group or *MEC group has a *financial arrangement; and
 (b) a subsidiary member of the group ceases to be a member of the group at a particular time (the leaving time); and
 (c) immediately after the leaving time, the head company no longer has the arrangement because the subsidiary member ceased to be a member of the group;
an income year of the group is taken, for the purposes of applying this section to the group and the arrangement, to end at the leaving time.

230‑172  Applying accruals method to loss resulting from impairment
 (1) This section applies if:
 (a) there is an impairment (within the meaning of the *accounting principles) of:
 (i) a *financial arrangement; or
 (ii) a financial asset or financial liability that forms part of a financial arrangement; and
 (b) you make a loss from the financial arrangement as a result of