Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 230.295

Objects of this Subdivision

    The objects of this Subdivision are:

  (a)   to facilitate the efficient management of financial risk by reducing after - tax mismatches and better aligning tax treatment where hedging takes place; and

  (b)   to minimise tax deferral and tax motivated practices (including tax deferral arising from such practices as tax advantaged selection from among possible hedges and inappropriate selection of tax treatment).


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