The objects of this Division are:
(a) to minimise the extent to which the tax treatment of gains and losses from your * financial arrangements distorts, by providing inappropriate impediments and stimulation, your trading, financing and investment decisions and your risk taking and risk management; and
(b) to do so by aligning more closely the tax and commercial recognition of gains and losses from your financial arrangements in the following ways:
(i) by allocating the gains and losses to income years throughout the life of your financial arrangements on a reasonable basis;
(ii) by generally recognising gains and losses on revenue rather than capital account; and
(c) to appropriately take account of, and minimise, your
compliance costs.