Document ID: chunk:federal_register_of_legislation:C2011C00549:clause:3_58a
Version: federal_register_of_legislation:C2011C00549
Segment Type: clause
Provision Reference: sch 3 cl 58A
Character Range: 18722–19360

58A  Objects of this Division

  The objects of this Division are:
 (a) to allow a person whose accounts are kept solely or predominantly in a particular foreign currency (the functional currency) to calculate:
 (i) the person's taxable profits; and
 (ii) certain other amounts;
  by reference to the functional currency; and
 (b) to allow companies that:
 (i) are in a designated company group; and
 (ii) whose accounts are kept solely or predominantly in a particular foreign currency (the functional currency);
  to calculate:
 (iii) their taxable profits; and
 (iv) certain other amounts;
  by reference to the functional currency.