Tax and Superannuation Laws Amendment (2013 Measures No. 1) Act 2013 (88 of 2013)

Schedule 6   Loss carry back consequential amendments

Part 1   Concepts and definitions

Taxation Administration Act 1953

48   Subsection 45-480(2) in Schedule 1 (paragraph (c) of the definition of adjusted net income of the trust )

Omit "can be carried forward for working out the trust's net income for the next income year", substitute "is *unutilised at the end of the *base year".