Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 230.390

Objects of this Subdivision

                   The objects of this Subdivision are:

                     (a)  to reduce administration and compliance costs by allowing you to align the tax treatment of your gains and losses from a * financial arrangement with the accounting treatment that applies to the arrangement; and

                     (b)  to achieve those objects without your obtaining inappropriate tax benefits.



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