331 Adjustment—Excluded Equity Gain or Loss—election

3-31 Adjustment—Excluded Equity Gain or Loss—election

(1) A Filing Constituent Entity for an MNE Group may make an election for the MNE Group under this subsection that applies to a specified jurisdiction. (2) An election under subsection (1) is a Five-Year Election. Revocation (3) An election under subsection (1) may be revoked, however, a revocation is not effective in respect of an Ownership Interest if an adjustment mentioned in subsection 3-32(2) is made in relation to a loss mentioned in that subsection in respect of that Ownership Interest.