Document ID: chunk:federal_register_of_legislation:C2025C00029:section:4:p19
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 4 (pt 19/55)
Character Range: 3845823–3848516

of the gain or loss is the amount referred to in paragraph (a) or (b).
 (2) In applying subsection (1) to work out whether you have a sufficiently certain gain or loss at a particular time:
 (a) have regard to the extent of the risk that a *financial benefit that you are not sufficiently certain to provide or receive under the arrangement may reduce the amount of the gain or loss, and the extent to which such a financial benefit is, for the purposes of subsection 230‑70(2) or 230‑75(2), reasonably attributable to the benefit, right or obligation mentioned in paragraph (1)(c) or (d) of this section at the time mentioned in subsection (1); and
 (b) disregard any financial benefit that has already been taken into account, under subsection 230‑105(1), in working out, at the time when you started to have the arrangement, the amount of a sufficiently certain overall gain or loss from the *financial arrangement to which the accruals method applies; and
 (c) disregard any financial benefit (or that part of any financial benefit) that has already been taken into account in working out the amount of a sufficiently certain gain or loss from the *financial arrangement under subsection (1).
Note: Sections 230‑70 and 230‑75 allow you to apportion financial benefits provided and financial benefits received in working out the amount of a gain or loss.

230‑115  Sufficiently certain financial benefits
 (1) In deciding for the purposes of this Subdivision whether it is sufficiently certain at a particular time that you make, or will make, a gain or loss from a *financial arrangement:
 (a) have regard only to:
 (i) *financial benefits that you are sufficiently certain to receive; and
 (ii) financial benefits that you are sufficiently certain to provide; and
 (b) have regard to those financial benefits only to the extent that the amount or value of the benefits is, at that time, fixed or determinable with reasonable accuracy.
Note: The particular time may be the time at which you start to have the arrangement.
 (2) A *financial benefit that you are to receive or provide is to be treated as one that you are sufficiently certain to receive or to provide only if:
 (a) it is reasonably expected that you will receive or provide the financial benefit (assuming that you will continue to have the *financial arrangement for the rest of its life); and
 (b) at least some of the amount or value of the benefit is, at that time, fixed or determinable with reasonable accuracy.
 (3) In applying subsection (2) to the *financial benefit:
 (a) you must have regard to:
 (i) the terms and conditions of the *financial arrangement; and
 (ii) accepted pricing and valuation techniques; and