Document ID: chunk:federal_register_of_legislation:C2015C00309:clause:8_42
Version: federal_register_of_legislation:C2015C00309
Segment Type: clause
Provision Reference: sch 8 cl 42
Character Range: 58358–59135

42  After subsection 230‑335(3)
Insert:
 (3A) Disregard paragraph (3)(d) if subsection (4) is satisfied and:
 (a) a *hedging financial arrangement election applies to the *financial arrangement (because you previously satisfied the additional recording requirements mentioned in that paragraph at a time when the election applied); or
 (b) all of the following subparagraphs apply:
 (i) a hedging financial arrangement election would apply to the financial arrangement if you satisfied the additional recording requirements mentioned in paragraph (3)(d);
 (ii) the election and subsection (3) apply to another financial arrangement;
 (iii) subsection (4) is or was satisfied in relation to that other arrangement at a time when the election applied to that other arrangement.