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
24 Subsection 126-50(2)
Omit all the words after "not", substitute:
be:
(a) *trading stock of the recipient company just after the time of the trigger event; or
(b) a*registered emissions unit*held by the recipient company just after the time of the trigger event.
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