Corporate Collective Investment Vehicle Framework and Other Measures Act 2022 (8 of 2022)

Schedule 6   Extension of temporary loss carry back

Part 1   Main amendments

Income Tax Assessment Act 1997

15   At the end of subsection 160-10(5)

Add:

; and (d) if the current year is the 2022-23 income year:

(i) where the entity carries back an amount to the 2021-22 income year - more than half of the 2021-22 income year; and

(ii) where the entity carries back an amount to the 2020-21 income year - more than half of the 2020-21 income year.