Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) A * hedging financial arrangement election ceases to have effect from the start of an income year if you cease to be eligible under subsection 230 - 315(2) to make the election for that income year.
(2) Subsection (1) does not prevent you from making a new * hedging financial arrangement election at a later time if you become, at that later time, eligible under subsection 230 - 315(2) to make an election for an income year.
Note: The new election will only apply to financial arrangements you
start to have after the start of the income year in which the new election is
made.