Treasury Laws Amendment (2017 Enterprise Incentives No. 1) Act 2019 (7 of 2019)

Schedule 1   Access to losses

Part 3   Consequential amendments

Income Tax Assessment Act 1997

47   Section 165-30

Repeal the section, substitute:

165-30 Flow chart showing the application of this Subdivision

Note: If the company was a partner during the income year, special rules apply to calculating a notional loss or notional taxable income.