Tax Laws Amendment (Loss Recoupment Rules and Other Measures) Act 2005 (147 of 2005)

Schedule 1   Loss recoupment rules for companies etc.

Income Tax Assessment Act 1997

129   Subsection 715-95(3) (note)

Repeal the note, substitute:

Note 1: For provisions about making one of these choices, see sections 715-175 to 715-185.

Note 2: Companies whose total income for the income year is more than $100 million cannot satisfy the same business test for the same business test period: see section 716-805.