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
15 At the end of subsection 160-10(5)
Add:
; and (d) if the current year is the 2022-23 income year:
(i) where the entity carries back an amount to the 2021-22 income year - more than half of the 2021-22 income year; and
(ii) where the entity carries back an amount to the 2020-21 income year - more than half of the 2020-21 income year.
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