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 420-51  

420-51   Valuation methods  

The value of a *registered emissions unit you *held at the end of an income year is worked out using one of the following methods:

(a) the *FIFO cost method;

(b) the *actual cost method;

(c) the *market value method.

Sections 420-55 and 420-57 tell you which method applies.

420-51(2)    
(Repealed by No 83 of 2014)