Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 160.20

    The entity cannot * carry back an amount of a * tax loss for an income year unless the entity:

  (a)   was a * small business entity for the income year; or

  (b)   would have been a small business entity for the income year if:

  (i)   each reference in Subdivision   328 - C (about what is a small business entity) to $10 million were instead a reference to $5 billion; and

  (ii)   the reference in paragraph   328 - 110(5)(b) to a small business entity were instead a reference to an entity covered by this section.