Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 195.37

    A company that:

  (a)   has a * tax loss for an income year; and

  (b)   is a * PDF at the end of the income year;

cannot * carry back the loss to an earlier income year for the purposes of working out the amount of the company's * loss carry back tax offset for the 2020 - 21, 2021 - 22 or 2022 - 23 income year (the offset year ) unless the company is a PDF throughout the earlier income year and the offset year.