Income Tax Assessment Act 1997

S 165-23 amended by No 7 of 2019, s 3 and Sch 1 item 46, by substituting " business continuity test " for " same business test " , effective 1 April 2019 and applicable in relation to income years starting on or after 1 July 2015.

S 165-23 amended by No 164 of 2007 , s 3 and Sch 6 item 10, by omitting " (Companies whose total income for an income year is more than $100 million cannot satisfy the same business test for that year.) " at the end, applicable to:

(a) any tax loss that is incurred in an income year commencing on or after 1 July 2005; and

(b) any net capital loss that is made in an income year commencing on or after 1 July 2005; and

(c) any deduction in respect of a bad debt that is incurred in an income year commencing on or after 1 July 2005.

S 165-23 amended by No 147 of 2005.