Income Tax Assessment Act 1997



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 420-60   Cost of registered emissions units  

(Repealed by No 83 of 2014)

(Repealed by No 83 of 2014)

Australian carbon credit units

If an *Australian carbon credit unit was issued to you under the Carbon Credits (Carbon Farming Initiative) Act 2011 , the cost of the unit is its *market value immediately after you began to *hold the unit. Other registered emissions units


The cost of a *registered emissions unit (other than an *Australian carbon credit unit to which subsection (3) applies) is the total of the expenditure that you:

(a) incurred in becoming the *holder of the unit; and

(b) can deduct under section 420-15 .


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