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

33   At the end of subsection 165-40(2)

Add:

Note: Companies whose total income for the income year is more than $100 million cannot satisfy the same business test for the rest of the year: see section 165-212A.