Tax Laws Amendment (2007 Measures No. 5) Act 2007 (164 of 2007)
Schedule 6 Removal of the same business test cap
Part 3 Application
68 Application
The amendments made by this Schedule apply to:
(a) any tax loss that is incurred in an income year commencing on or after 1 July 2005; and
(b) any net capital loss that is made in an income year commencing on or after 1 July 2005; and
(c) any deduction in respect of a bad debt that is incurred in an income year commencing on or after 1 July 2005.
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