Tax Laws Amendment (Loss Recoupment Rules and Other Measures) Act 2005 (147 of 2005)
Schedule 1 Loss recoupment rules for companies etc.
Income Tax Assessment Act 1997
174 Application of amendments relating to MDOs
Section 165-212D of the Income Tax Assessment Act 1997 (as inserted by item 76 of this Schedule), and items 152 and 160 of this Schedule, apply in respect of:
(a) any tax loss that is incurred in an income year (whether before or after the commencement of this item); and
(b) any net capital loss that is made in an income year (whether before or after the commencement of this item); and
(c) any deduction in respect of a bad debt that is claimed in an income year (whether before or after the commencement of this item).
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