ITAA 1997 s 960-50(1) of Subdivision 960-C

Functional currency: translation requirements where an entity withdraws its 'applicable functional currency' choice

Functional currency choice: amounts borrowed/lent in a non-AUD currency which later becomes the 'applicable functional currency'

Functional currency choice: amounts borrowed/lent in a non-AUD currency other than the one which later becomes the 'applicable functional currency'

Functional currency choice: repayment of principal amounts on loans denominated in a non-AUD currency which later becomes the 'applicable functional currency'

Functional currency: translation requirements for a depreciating asset where an entity withdraws its 'applicable functional currency' choice