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

266   Section 770-10 (method statement, at the end of step 1)

Add:

Otherwise - do not reduce the unutilised overall foreign loss amount under this step.