Tax Laws Amendment (2007 Measures No. 5) Act 2007 (164 of 2007)

Schedule 6   Removal of the same business test cap

Part 3   Application

68   Application

The amendments made by this Schedule apply to:

(a) any tax loss that is incurred in an income year commencing on or after 1 July 2005; and

(b) any net capital loss that is made in an income year commencing on or after 1 July 2005; and

(c) any deduction in respect of a bad debt that is incurred in an income year commencing on or after 1 July 2005.