Document ID: chunk:federal_register_of_legislation:C2010C00611:clause:4_4:p6
Version: federal_register_of_legislation:C2010C00611
Segment Type: clause
Provision Reference: sch 4 cl 4 (pt 6/6)
Character Range: 137928–139035

of $250,000.

Note: For buffering during an increased balance period, see subsections (2) and (3).

Buffering during first and second increased balance period

 (2) For the purposes of this section, an increased balance period is a continuous period consisting of:
 (a) an income year; or
 (b) a particular part of an income year;
where, at each time during the period, either or both of the following conditions is satisfied:
 (c) the total of the credit balances of the account or accounts covered by your section 775‑230 election is more than the *foreign currency equivalent of $250,000, but not more than the foreign currency equivalent of $500,000;
 (d) the total of the debit balances of the account or accounts covered by your section 775‑230 election is more than the foreign currency equivalent of $250,000, but not more than the foreign currency equivalent of $500,000.

 (3) The table has effect:

Increased balance period
Item                      In this case...                                                                                                             this is the result...