Tax Laws Amendment (2009 Measures No. 4) Act 2009 (88 of 2009)

Schedule 5   Minor amendments

Part 3   Amendments relating to foreign income tax offsets and foreign losses

Income Tax (Transitional Provisions) Act 1997

262   Subsection 770-5(3)

Omit all the words after "sum of the", substitute "reduced unutilised overall foreign loss amounts for all classes of assessable foreign income for the earlier year".