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14 Apr 09 Forex - the retranslation election

The ATO has updated its factsheet "Forex - the retranslation election" to take account of amendments made by the Tax Laws Amendment (Taxation of Financial Arrangements) Act 2009 (TOFA Act) which received Royal Assent on 26 March 2009.

For a copy of the updated factsheet, go here.

For information about the administrative treatment relating to the amendments (which are retrospective to 17 December 2003), go here.

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