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

281   Section 770-170 (method statement, step 1)

Omit "amount applicable under paragraph 770-165(1)(a) to the extent (if any) that the loss", substitute "unutilised CFC loss amount to the extent (if any) that the relevant loss".