Income Tax Assessment Act 1997
CHAPTER 3
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SPECIALIST LIABILITY RULES
PART 3-50
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CLIMATE CHANGE
Division 420
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Registered emissions units
Subdivision 420-D
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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.
420-51(2)
(Repealed by No 83 of 2014)
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Hide history noteThe 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.
(Repealed by No 83 of 2014)
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