Document ID: chunk:federal_register_of_legislation:C2025C00029:section:7:p29
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 7 (pt 29/40)
Character Range: 1894121–1896796

the following conditions is satisfied:
 (iii) a *Kyoto unit is transferred from your foreign account (within the meaning of the Australian National Registry of Emissions Units Act 2011) to your Registry account (within the meaning of that Act) or your nominee's Registry account (within the meaning of that Act);
 (iv) a Kyoto unit is transferred from your nominee's foreign account (within the meaning of the Australian National Registry of Emissions Units Act 2011) to your Registry account (within the meaning of that Act) or your nominee's Registry account (within the meaning of that Act);
 (v) an *Australian carbon credit unit is transferred from your foreign account (within the meaning of the Carbon Credits (Carbon Farming Initiative) Act 2011) to your Registry account (within the meaning of the Australian National Registry of Emissions Units Act 2011) or your nominee's Registry account (within the meaning of the Australian National Registry of Emissions Units Act 2011);
 (vi) an *Australian carbon credit unit is transferred from your nominee's foreign account (within the meaning of the Carbon Credits (Carbon Farming Initiative) Act 2011) to your Registry account (within the meaning of the Australian National Registry of Emissions Units Act 2011) or your nominee's Registry account (within the meaning of the Australian National Registry of Emissions Units Act 2011); and
 (b) as a result of the transfer, you start to *hold the unit as a *registered emissions unit; and
 (c) just before the transfer, the unit was neither your *trading stock nor your *revenue asset.
 (2) The time of the event is when you start to *hold the unit as a *registered emissions unit.
 (3) You make a capital gain if the unit's *market value (just before you started to *hold the unit as a *registered emissions unit) is more than its *cost base. You make a capital loss if that market value is less than its *reduced cost base.

104‑210  Bankrupt pays amount in relation to debt: CGT event K2
 (1) CGT event K2 happens if:
 (a) you made a *net capital loss for an income year that, because of subsection 102‑5(2), cannot be applied in working out whether you made a *net capital gain for the income year or a later one; and
 (b) you make a payment in an income year (the payment year) in respect of a debt that was taken into account in working out the amount of that net capital loss; and
 (c) ignoring subsection 102‑5(2), some part of the net capital loss (the denied part) would have been applied (if you had made sufficient *capital gains) in working out whether you had made a *net capital gain for the payment year.
The payment can include giving property: see section