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

31   Paragraph 701-25(2)(a)

Repeal the paragraph, substitute:

(a) either:

(i) the asset is*trading stock of the*head company; or

(ii) the asset is a*registered emissions unit and an asset of the head company; and