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

21   At the end of subsection 165-13(1)

Add:

Note 2: Companies whose total income for the income year is more than $100 million cannot meet the condition in this section for that year: see section 165-212A.