(1) a person is treated as making accrued income losses1 in an interest period2 as a result of transfers of securities3; and
(2) the period does not end with an interest payment day4,
the person is treated for the purposes of the provisions on accrued income profits5 as making a payment on a transfer of the securities in the next interest period equal to the amount of the losses6.
If there is a transfer of securities in relation to which a person ('P') is an excluded transferor or excluded transferee
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