Document ID: chunk:federal_register_of_legislation:C2025C00029:section:4
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 4
Character Range: 6884656–6886306

4                                                               you make a *forex realisation gain as a result of forex realisation event 4, and:                                                                                                                                                 (a) the forex realisation gain is not included in your assessable income under section 775‑15; and
                                                                (a) the obligation to pay *foreign currency was incurred as a project amount; and                                                                                                                                                 (b) the pool value of the project pool for the income year in which you incurred the project amount is reduced (but not below zero) by an amount equal to the forex realisation gain.
                                                                (b) the foreign currency became due for payment within 12 months after the time when you incurred the project amount; and
                                                                (c) the project amount is allocated to a project pool

Additional result where forex realisation gain exceeds cost etc.
 (2) The following table has effect:

Additional result where forex realisation gain exceeds cost etc.
Item                                                              If...                                                                               and the following conditions are satisfied...                                                                                                  this is the result...