Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 420.51

Valuation methods

                   The value of a * registered emissions unit you * held at the end of an income year is worked out using one of the following methods:

                     (a)  the * FIFO cost method;

                     (b)  the * actual cost method;

                     (c)  the * market value method.

Sections 420- 55 and 420-57 tell you which method applies.



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