Document ID: chunk:federal_register_of_legislation:C2025C00029:section:4:p18
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 4 (pt 18/55)
Character Range: 3843432–3846032

the income year in which you start to have the arrangement; and
 (b) the arrangement is a *qualifying security; and
 (c) you have not made an election under subsection 230‑455(7).

Realisation method—gain or loss not sufficiently certain
 (5) The realisation method provided for in this Subdivision applies to a gain or loss that you have from a *financial arrangement if the accruals method provided for in this Subdivision does not apply to that gain or loss.
Note: Section 230‑180 tells you how to apply the realisation method to the gain or loss.

230‑105  Sufficiently certain overall gain or loss
 (1) You have a sufficiently certain overall gain or loss from a *financial arrangement at the time when you start to have the arrangement only if it is sufficiently certain at that time that you will make an overall gain or loss from the arrangement of:
 (a) a particular amount; or
 (b) at least a particular amount.
The amount of the gain or loss is the amount referred to in paragraph (a) or (b).
Note: Sections 230‑70 and 230‑75 (about apportionment of financial benefits) only apply in working out whether you make, or will make, a gain or loss (and the amount of the gain or loss) when particular events happen. They do not apply in working out, at the time when you start to have a financial arrangement, whether it is sufficiently certain that you will make an overall gain or loss from the arrangement.
 (2) In applying subsection (1), you must:
 (a) assume that you will continue to have the *financial arrangement for the rest of its life; and
 (b) have regard to the extent of the risk that a *financial benefit that you are not sufficiently certain to provide or receive under the arrangement may reduce the amount of the gain or loss.

230‑110  Sufficiently certain gain or loss from particular event
 (1) You have a sufficiently certain gain or loss from a *financial arrangement at a particular time if it is sufficiently certain at that time that you make, or will make, a gain or loss from the arrangement of:
 (a) a particular amount; or
 (b) at least a particular amount;
when one of the following occurs:
 (c) you receive a particular *financial benefit under the arrangement or one of your rights under the arrangement ceases;
 (d) you provide a particular financial benefit under the arrangement or one of your obligations under the arrangement ceases.
The amount of the gain or loss is the amount referred to in paragraph (a) or (b).
 (2) In applying subsection (1) to work out whether you have a sufficiently certain gain or loss at a particular time:
 (a) have regard to