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
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