Document ID: chunk:federal_register_of_legislation:C2025C00029:section:12:p39
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 12 (pt 39/43)
Character Range: 4043325–4046206

and the relevant amount exceeds the amount of the loss:
 (i) you do not make a loss from the financial arrangement; and
 (ii) instead, you make a gain from the financial arrangement equal to the amount of the excess;
 (c) if (disregarding section 832‑790) you made a gain from the financial arrangement—the amount of the gain is increased by the relevant amount.
 (3) The effect of subsection (2) is to be disregarded for the purposes of paragraph (c) of step 1 and paragraph (c) of step 2 of subsection 230‑445(1) (about balancing adjustments).

230‑525  Consolidated financial reports
  For the purposes of this Division, treat a financial report prepared by another entity as being prepared by you if:
 (a) the other entity is a *connected entity of yours; and
 (b) the report is a consolidated financial report that deals with both your affairs and the affairs of the connected entity; and
 (c) the report properly reflects your affairs.

230‑527  Elections—reporting documents of foreign ADIs
 (1) So much of a Statement of Financial Performance and a Statement of Financial Position, given to *APRA by a foreign ADI (within the meaning of the Banking Act 1959) as required under section 13 of the Financial Sector (Collection of Data) Act 2001, as:
 (a) cover the activities of an *Australian permanent establishment of the foreign ADI for the year; and
 (b) are prepared in accordance with the recognition and measurement standards under the *accounting principles; and
 (c) are audited in accordance with the *auditing principles;
are treated, for the purposes of the provisions mentioned in subsection (2), as being a financial report for a year:
 (d) prepared by the foreign ADI in accordance with the accounting principles; and
 (e) audited in accordance with the auditing principles.
 (2) The provisions are as follows:
 (a) sections 230‑150 to 230‑165 (election for portfolio treatment of fees);
 (b) sections 230‑210 to 230‑220 (fair value election);
 (c) sections 230‑255 to 230‑265 (foreign exchange retranslation election);
 (d) sections 230‑315 to 230‑335 (hedging financial arrangement election);
 (e) sections 230‑395, 230‑400, 230‑410 and 230‑430 (election to rely on financial reports).

Subdivision 230‑J—Additional operation of Division

Table of sections
230‑530 Additional operation of Division

230‑530  Additional operation of Division

Foreign currency
 (1) This Division also applies to *foreign currency as if the currency were a right that constituted a *financial arrangement.

Non‑equity shares
 (2) This Division also applies to a *non‑equity share in a company as if the share were a right that constituted a *financial arrangement.

Commodities held by traders
 (3) This Division also applies to a commodity that you hold as if the commodity were a right that constituted a *financial arrangement if:
 (a) you are an entity that trades or deals