Treasury Laws Amendment (A Tax Plan for the COVID-19 Economic Recovery) Act 2020 (92 of 2020)

Schedule 2   Temporary loss carry back

Part 3   Consequential amendments

Income Tax Assessment Act 1997

30   After paragraph 320-149(2)(a)

Insert:

(aa) Division 160 (Corporate loss carry back tax offset for 2020-21 or 2021-22 for businesses with turnover under $5 billion);