Income Tax Assessment Act 1997
Pt 3-1 inserted by No 46 of 1998.
Div 118 inserted by No 46 of 1998.
A *capital gain or *capital loss you make from a *registered emissions unit is disregarded.
118-15(2)
(Repealed by No 83 of 2014)
S 118-15(2) repealed by No 83 of 2014, s 3 and Sch 1 item 163, effective 1 July 2014. For application provision see note under s 26-18 . S 118-15(2) formerly read:
118-15(2)
A *capital gain or *capital loss you make from a right to receive a *free carbon unit is disregarded.
118-15(3)
A *capital gain or *capital loss you make from a right to receive an *Australian carbon credit unit is disregarded.
S 118-15 inserted by No 132 of 2011, s 3 and Sch 2 item 17, effective 2 April 2012.
Former s 118-15 repealed by No 114 of 2000, substituted by No 94 of 1999 and inserted by No 46 of 1998.
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