Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) An entity may change a * loss carry back choice for the 2020 - 21, 2021 - 22 or 2022 - 23 income year by notice, in the * approved form, given to the Commissioner.
(2) The notice to change a * loss carry back choice for an income year must be given to the Commissioner within the limited amendment period (within the meaning of section 170 of the Income Tax Assessment Act 1936 ) for an assessment for that income year.
(3) To avoid doubt, the change takes effect from the day the entity made the original * loss carry back choice under section 160 - 15.