Finance (Income Taxes) Bill · cl 25

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cl 25Amendment of section 43I

In the ITA, in section 43I —

(a)

after subsection (1AC), insert —“(1AD) Regulations made to prescribe any environmental instrument as a prescribed commodity for the purposes of subsection (1)(a)(i) may be made to take effect from (and including) 13 February 2026.”;

(b)

in subsection (1A), replace “31 December 2026” with “31 December 2031”; and

(c)

in subsection (3), before the definition of “global trading company”, insert —“ “commodity” includes an environmental instrument;”.