Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The value of an item of * trading stock on hand at the start of an income year is the same amount at which it was taken into account under this Division or Subdivision 328 - E (about trading stock for small business entities) at the end of the last income year.
(2) The value of the item is a nil amount if the item was not taken into account under this Division or Subdivision 328 - E (about trading stock for small business entities) at the end of the last income year.