Document ID: chunk:federal_register_of_legislation:C2013C00453:clause:1_96
Version: federal_register_of_legislation:C2013C00453
Segment Type: clause
Provision Reference: sch 1 cl 96
Character Range: 270330–271464

96  Subsection 995‑1(1)
Insert:
Division 230 starting value:
 (a) the Division 230 starting value of an asset or liability that is or is part of a *Division 230 financial arrangement to which Subdivision 230‑C (fair value method) applies is the amount of the asset or the amount of the liability according to the relevant standards mentioned in section 230‑230 that apply in relation to the arrangement; and
 (b) the Division 230 starting value of an asset or liability that is or is part of a Division 230 financial arrangement to which Subdivision 230‑D (foreign exchange retranslation method) applies is the value of the asset or the amount of the liability according to the relevant standards mentioned in section 230‑280 that apply in relation to the arrangement; and
 (c) the Division 230 starting value of an asset or liability that is or is part of a Division 230 financial arrangement to which Subdivision 230‑F (reliance on financial reports method) applies is the value of the asset or the amount of the liability according to the relevant standards mentioned in section 230‑420 that apply in relation to the arrangement.