Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 420.50

  (1)   The value of a * registered emissions unit you * held at the start of an income year is the same amount at which it was taken into account under this Subdivision at the end of the last income year.

  (2)   The value of the unit is a nil amount if the unit was not taken into account under this Subdivision at the end of the last income year.