Tax Law Improvement Act 1997 (121 of 1997)

Table of deductible revenue losses

Item

Column 1
General description
of losses

Column 2
Provision under which loss is deductible

1

Tax losses

Section 36-15 of the Income Tax Assessment Act 1997

2

Foreign losses of pre-1990 years of income

Subsection 160AFD(1)

3

Foreign losses of post-1989 years of income

Subsection 160AFD(2)