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

35   Amendments of listed provisions - income tax liability

Omit "income tax liability" (first occurring) and substitute "*income tax liability" in the following provisions:

(a) paragraph 205-70(4)(b);

(b) paragraph 205-70(5)(b);

(c) subsection 219-15(2) (table items 1, 2, 3, 4 and 9);

(d) subsection 219-30(2) (table items 2, 3 and 4);

(e) subsection 219-50(2);

(f) subsection 219-50(3);

(g) subsection 219-50(4);

(h) paragraph 219-55(1)(a);

(i) subsection 219-75(1);

(j) subsection 219-75(2) (step 2 of the method statement);

(k) paragraph 219-75(3)(a);

(l) subsection 295-490(3);

(m) subsection 392-95(1);

(n) subsection 961-5(3);

(o) subsection 961-55(3);

(p) subsection 995-1(1) (definition of shareholders' share ).