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

81   At the end of subsection 175-5(2)

Add:

Note: Companies whose total income for an income year is more than $100 million cannot meet the condition in section 165-13 in respect of that year: see section 165-212A.