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
11 At the end of section 70-30 (before the note)
Add:
(6) Subsection (1) does not apply if:
(a) you start holding an item as*trading stock; and
(b) immediately before you started holding the item as trading stock, you*held the item as a*registered emissions unit.
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