Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-50 - CLIMATE CHANGE  

Division 420 - Registered emissions units  

Subdivision 420-D - Accounting for registered emissions units you hold at the start or end of the income year  

SECTION 420-50   Value of registered emissions units at start of income year  

420-50(1)  
The value of a *registered emissions unit you *held at the start of an income year is the same amount at which it was taken into account under this Subdivision at the end of the last income year.

420-50(2)  
The value of the unit is a nil amount if the unit was not taken into account under this Subdivision at the end of the last income year.


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