Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 420.53

Actual cost method of working out the value of units

    The actual cost method for working out the value of the * registered emissions units you * held at the end of the income year means that the value of the units is the * cost of the units, and, for the purposes of the application of this Subdivision to you for the income year, you must not account for any of those units on a first - in first - out basis.


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