Tax Laws Amendment (2009 Measures No. 4) Act 2009 (88 of 2009)

Schedule 5   Minor amendments

Part 3   Amendments relating to foreign income tax offsets and foreign losses

Income Tax (Transitional Provisions) Act 1997

276   At the end of section 770-100

Add:

(4) In applying paragraph (b) of item 2, 3 or 4 of the table in subsection 770-30(1) of this Act, disregard any amount deducted, in respect of a tax loss mentioned in subsection (1) of this section, before the latest transfer time.