Document ID: chunk:federal_register_of_legislation:C2025C00029:section:4:p15
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 4 (pt 15/55)
Character Range: 3835699–3838691

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
 (b) that method allows you to choose the particular manner in which you apply that method;
you must use that same manner consistently for all of those financial arrangements that are essentially of the same nature.
 (4) Subsection (3) does not require you to use that same manner consistently for:
 (a) a *financial arrangement that you start to have on or after the time a *Commonwealth law that amends the method is made; and
 (b) a financial arrangement that you start to have before that time;
if:
 (c) the Commonwealth law allows you to choose to apply the method in a particular manner (being a manner in which you are not, apart from the Commonwealth law, allowed to apply the method); and
 (d) the inconsistency is entirely due to you choosing to apply the method in that manner to the financial arrangement mentioned in paragraph (a).

230‑85  Rights and obligations include contingent rights and obligations
  To avoid doubt:
 (a) a right is treated as a right for the purposes of this Division even if it is subject to a contingency; and
 (b) an obligation is treated as an obligation for the purposes of this Division even if it is subject to a contingency.

Subdivision 230‑B—The accruals/realisation methods

Table of sections

 Guide to Subdivision 230‑B
230‑90 What this Subdivision is about

Objects of Subdivision
230‑95 Objects of this Subdivision

When accruals method or realisation method applies
230‑100 When accruals method or realisation method applies
230‑105 Sufficiently certain overall gain or loss
230‑110 Sufficiently certain gain or loss from particular event
230‑115 Sufficiently certain financial benefits
230‑120 Financial arrangements with notional principal

The accruals method
230‑125 Overview of the accruals method
230‑130 Applying accruals method to work out period over which gain or loss is to be spread
230‑135 How gain or loss is spread
230‑140 Method of spreading gain or loss—effective interest method
230‑145 Application of effective interest method where differing income and accounting years
230‑150 Election for portfolio treatment of fees
230‑155 Election for portfolio treatment of fees where differing income and accounting years
230‑160 Portfolio treatment of fees
230‑165 Portfolio treatment of premiums and discounts for acquiring portfolio
230‑170 Allocating gain or loss to income years
230‑172 Applying accruals method to loss resulting from impairment
230‑175 Running balancing adjustments

Realisation method
230‑180 Realisation method

Reassessment and re‑estimation
230‑185 Reassessment
230‑190 Re‑estimation
230‑192 Re‑estimation—impairments and reversals
230‑195 Balancing adjustment if rate of return maintained on re‑estimation
230‑200 Re‑estimation if balancing