Consolidation: special purpose financial reports and foreign currency transactions - TD 2013/21
24 Oct 2013
On 23 October 2013, the ATO issued Taxation Determination TD 2013/21 entitled "Income tax: can a consolidated special purpose financial report of a head company of a tax consolidated group satisfy clause 1.1 of Schedule 2 to the Income Tax Assessment Regulations 1997 where transactions within the same category are translated using inconsistent methodologies?"
It was previously released in draft form as TD 2012/D12.
The answer to the question posed is "No".