Income Tax Assessment Act 1997

S 195-37 amended by No 8 of 2022, s 3 and Sch 6 item 20, by substituting " , 2021-22 or 2022-23 " for " or 2021-22 " , effective 1 April 2022.

S 195-37 inserted by No 92 of 2020, s 3 and Sch 2 item 24, effective 1 January 2021.

Former s 195-37 repealed by No 96 of 2014, s 3 and Sch 2 item 24, effective 30 September 2014 and applicable to assessments for the income year before the income year in which this Schedule commences, for the income year in which this Schedule commences and for later income years. For transitional and saving provision see note under Div 160 heading. S 195-37 formerly read:

SECTION 195-37 PDF cannot carry back tax loss  
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 an income year (the offset year ) unless the company is a PDF throughout the earlier income year and the offset year.

Former s 195-37 inserted by No 88 of 2013, s 3 and Sch 6 item 57, effective 29 June 2013.