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

9   At the end of paragraph 160-5(d)

Add:

(iv) if the current year is the 2022-23 income year and the 2022-23 income year was a loss year - the 2021-22 income year or the 2020-21 income year;

(v) if the current year is the 2022-23 income year and the 2021-22 income year was a loss year - the 2020-21 income year;