Commentary on Sections Structure of Chapters Overview Section 509: Chargeable events in certain cases where periodic calculations show gains
2009.This section is based on sections 540, 542, 545, 546 and 546B of ICTA.
2010.The transactions mentioned in conditions A and B are those that trigger the operation of section 510. Subsection (6) signposts what happens in such circumstances.
2011.The effect of condition C is that there cannot be a chargeable event as a result of a gain arising under the calculation in section 507 when the insurance year is the final insurance year.