Tax Laws Amendment (2009 Measures No. 4) Act 2009 (88 of 2009)
Schedule 5 Minor amendments
Part 3 Amendments relating to foreign income tax offsets and foreign losses
Income Tax (Transitional Provisions) Act 1997
266 Section 770-10 (method statement, at the end of step 1)
Add:
Otherwise - do not reduce the unutilised overall foreign loss amount under this step.
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