Income Tax Assessment Act 1997
View history note
Hide history note(Repealed by No 83 of 2014)
420-60(2)
(Repealed by No 83 of 2014)
Australian carbon credit units
420-60(3)
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
420-60(4)
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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