ITAA 1936 s 70B(2)

Income tax: foreign exchange: when calculating the amount of any gain or loss on disposal or redemption of a traditional security denominated in a foreign currency, should the amounts relevant to the calculation be translated (converted) into Australian dollars when each of the relevant events takes place?

Income tax: is a taxpayer entitled to an income tax deduction under subsection 70B(2) of the Income Tax Assessment Act 1936 where a Stapled Security of the kind described in Taxpayer Alert TA 2008/1 is sold at a loss or upon the occurrence of an Assignment Event?

Compendium

Income tax: amendment of terms of Reset Exchangeable Securities and Preference Shares: Insurance Australia Group Limited

Income tax: restructure of Spark Infrastructure

Income tax: Australian Government Bond holders electing to exchange Bonds for CHESS Depositary Interests (CDIs)

Income tax: Macquarie Bank Limited - Macquarie Bank Capital Notes

Income tax: Challenger Limited: Challenger Capital Notes

Income tax: Macquarie Group Limited - Macquarie Group Capital Notes 2

Income tax: Yancoal SCN Limited: Subordinated Capital Notes

Income tax: National Australia Bank Limited - issue of NAB Capital Notes

Income tax: National Australia Bank Limited - issue of NAB Capital Notes 2

Income tax: Challenger Limited: Challenger Capital Notes 2

Income tax: Suncorp Group Limited: Suncorp Group Limited Capital Notes

Income tax: Suncorp Group Limited: Suncorp Group Limited Capital Notes 2

Income tax: Commonwealth Bank of Australia - CommBank PERLS X Capital Notes

Income tax: Macquarie Group Limited - Macquarie Group Capital Notes 3

Income tax: Australian Government Bond holders electing to exchange bonds for CHESS Depository Interests (CDIs)

Income tax: Macquarie Group Limited - Macquarie Group Capital Notes 4

Income tax: Commonwealth Bank of Australia - CommBank PERLS XI Capital Notes