Tax and Superannuation Laws Amendment (2013 Measures No. 1) Act 2013 (88 of 2013)

Schedule 6   Loss carry back consequential amendments

Part 1   Concepts and definitions

Taxation Administration Act 1953

46   Subsection 45-330(3) in Schedule 1 (paragraph (a) of step 3 of the method statement)

Omit "the company can carry them forward to the next income year", substitute "they are *unutilised at the end of the *base year".