Division 420 of the Income Tax Assessment Act 1997 does not apply to a registered emissions unit held by you unless you became the holder of the unit after the commencement of that Division.
Table of Subdivisions
615-A Modifications for roll-overs between the 2011 and 2012 Budget times
Table of sections
615-5 Roll-overs between the 2011 and 2012 Budget times
615-10 Modifications--when additional consequences can apply
615-15 Modifications--trading stock
615-20 Modifications--revenue assets