Income Tax Assessment Act 1997

Pt 3-50 inserted by No 132 of 2011, s 3 and Sch 2 item 28, effective 2 April 2012.

Div 420 inserted by No 132 of 2011, s 3 and Sch 2 item 28, effective 2 April 2012.

Subdiv 420-C inserted by No 132 of 2011, s 3 and Sch 2 item 28, effective 2 April 2012.

S 420-43 repealed by No 83 of 2014, s 3 and Sch 1 item 179, effective 1 July 2014. For application provision see note under s 26-18 . S 420-43 formerly read:

SECTION 420-43 Deduction for charge imposed on the surrender of an eligible international emissions unit  
420-43(1)
You can deduct an amount of charge imposed by the Clean Energy (International Unit Surrender Charge) Act 2011 on the surrender by you of an eligible international emissions unit (within the meaning of the Australian National Registry of Emissions Units Act 2011 ).

Timing

420-43(2)
You deduct the amount in the income year in which you pay the amount.

S 420-43 inserted by No 132 of 2011, s 3 and Sch 2 item 28, effective 2 April 2012.