Taxation Laws Amendment Act (No. 5) 2003 (142 of 2003)
Schedule 8 Tax losses
Income Tax Assessment Act 1997
21 Subsection 995-1(1) (before paragraph (b) of the definition of tax loss )
Insert:
Note 2: The meaning of tax loss in sections 36-10, 165-70, 175-35 and 701-30 is modified by section 36-55 for a corporate tax entity that has an amount of excess franking offsets.
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