Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 775.85

    The forex cost base of a right, or a part of a right, to receive * foreign currency is the total of:

  (a)   the money you:

  (i)   paid; or

  (ii)   are required to pay; or

  (iii)   would be required to pay in the event of the exercise of an option;

    in respect of acquiring the right or part of the right; and

  (b)   the * market value of any * non - cash benefit you:

  (i)   provided; or

  (ii)   are required to provide; or

  (iii)   would be required to provide in the event of the exercise of an option;

    in respect of acquiring the right or part of the right;

reduced by any amounts that are deductible under a provision of this Act other than this Division.