Corporate Collective Investment Vehicle Framework and Other Measures Act 2022 (8 of 2022)
Schedule 6 Extension of temporary loss carry back
Part 1 Main amendments
Income Tax Assessment Act 1997
10 Section 160-5 (after note 2)
Insert:
Note 2A: The entity can be entitled to only one loss carry back tax offset for 2022-23. However, that offset has 4 components: one relating to 2018-19, one relating to 2019-20, one relating to 2020-21 and one relating to 2021-22: see section 160-10.
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