Income Tax Assessment Act 1997

Subdiv 165-E heading substituted by No 7 of 2019, s 3 and Sch 1 item 81, effective 1 April 2019 and applicable in relation to income years starting on or after 1 July 2015. The heading formerly read:

Subdivision 165-E - The same business test

S 165-210(1) amended by No 7 of 2019, s 3 and Sch 1 item 2, by substituting " business continuity test if throughout the * business continuity test period " for " same business test if throughout the * same business test period " , effective 1 April 2019 and applicable in relation to income years starting on or after 1 July 2015.

S 165-210(1) amended by No 164 of 2007 , s 3 and Sch 6 items 27 and 28, by omitting " (other than a company covered by section 165-212A) " after " A company " and repealing the note, applicable to:

(a) any tax loss that is incurred in an income year commencing on or after 1 July 2005; and

(b) any net capital loss that is made in an income year commencing on or after 1 July 2005; and

(c) any deduction in respect of a bad debt that is incurred in an income year commencing on or after 1 July 2005.

The note formerly read:

Note:

Companies whose total income for an income year is more than $ 100 million cannot satisfy the same business test for the same business test period: see section 165-212A .

S 165-210(1) amended by No 147 of 2005, s 3 and Sch 1 item 75, by inserting the note at the end, effective 14 December 2005.

S 165-210(1) amended by No 147 of 2005, s 3 and Sch 1 item 74, by substituting " A company (other than a company covered by section 165-212A) " for " The company " , effective 14 December 2005. For application provision, see note under s 165-13(1).

S 165-210(2) amended by No 7 of 2019, s 3 and Sch 1 item 3, by substituting " * business continuity test under this section if, at any time during the * business continuity test period, " for " * same business test if, at any time during the * same business test period, " , effective 1 April 2019 and applicable in relation to income years starting on or after 1 July 2015.

S 165-210(3) amended by No 7 of 2019, s 3 and Sch 1 items 4 and 5, by substituting " * business continuity test under this section if " for " * same business test if " and " * business continuity test period " for " * same business test period " , effective 1 April 2019 and applicable in relation to income years starting on or after 1 July 2015.

S 165-210(4) amended by No 7 of 2019, s 3 and Sch 1 items 6 and 7, by substituting " * business continuity test under this section is " for " * same business test is " and " * business continuity test period " for " * same business test period " , effective 1 April 2019 and applicable in relation to income years starting on or after 1 July 2015.

S 165-210(4) amended by No 114 of 2000.