Commentary on Sections Overview Chapter 2: Accrued income profits and losses Section 642: Traders
1894.This section excludes financial traders from the accrued income scheme. It is based on sections 715(1)(a) and 715(2)(a) of ICTA.
1895.It is unnecessary for such traders to be included in the scheme as profits and losses on any securities they transfer are already included in their trading profits and losses.