Clean Energy (Consequential Amendments) Act 2011 (132 of 2011)

Schedule 2   Taxation amendments

Part 2   Amendments commencing at the same time as section 3 of the Clean Energy Act 2011 commences

Income Tax Assessment Act 1997

70   Subsection 995-1(1) (after paragraph (b) of the definition of value )

Insert:

(c) the value of a*registered emissions unit has the meaning given by Subdivision 420-D; and