Document ID: chunk:federal_register_of_legislation:C2025C00029:section:4:p14
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 4 (pt 14/55)
Character Range: 3833112–3835958

the time mentioned in subsection (1), to the benefit or right referred to in paragraph (1)(a) or (b).
 (3) Any attribution made under subsection (2) must reflect appropriate and commercially accepted valuation principles that properly take into account:
 (a) the nature of the rights and obligations under the *financial arrangement; and
 (b) the risks associated with each *financial benefit, right and obligation under the arrangement; and
 (c) the time value of money.
Note: Generally, no financial benefit you have provided, or are to provide or might provide, under a financial arrangement is reasonably attributable to an amount you receive that is in the nature of interest.

230‑75  Apportionment when financial benefit provided or obligation ceases
 (1) Apply subsection (2) in working out whether you make, or will make, a gain or loss (and the amount of the gain or loss) at a time when:
 (a) you provide a particular *financial benefit under the *financial arrangement; or
 (b) one of your obligations under a financial arrangement ceases.
The gain or loss is to be calculated in nominal (and not *present value) terms.
 (2) You must have regard to the extent to which the *financial benefits that you have received, or are to receive or might receive, under the *financial arrangement are reasonably attributable, at the time mentioned in subsection (1), to the benefit or obligation referred to in paragraph (1)(a) or (b).
 (3) Any attribution made under subsection (2) must reflect appropriate and commercially accepted valuation principles that properly take into account:
 (a) the nature of the rights and obligations under the *financial arrangement; and
 (b) the risks associated with each *financial benefit, right and obligation under the arrangement; and
 (c) the time value of money.
Note: Generally, no financial benefit you have received, or are to receive or might receive, under a financial arrangement is reasonably attributable to an amount you provide that is in the nature of interest.

230‑80  Consistency in working out gains or losses (integrity measure)

Object of section
 (1) The object of this section is to stop you obtaining an inappropriate tax benefit from not working out your gains and losses in a consistent manner.

Consistent treatment for particular financial arrangement
 (2) If:
 (a) this Division provides that a particular method applies to gains or losses you have from a *financial arrangement; and
 (b) that method allows you to choose the particular manner in which you apply that method;
you must use that manner consistently for the arrangement for all income years.

Consistent treatment for financial arrangements of essentially the same nature
 (3) If:
 (a) this Division provides that a particular method applies to gains or losses you have from 2 or more *financial arrangements; and