Treasury Laws Amendment (Tax Reform No. 2) Act 2026 (71 of 2026)
Schedule 1 Loss carry back tax offset
Part 2 Other amendments
Taxation Administration Act 1953
10 Section 45-340 in Schedule 1 (method statement, paragraph (db) of step 1)
Omit "2020-21, 2021-22 or 2022-23 for businesses with turnover under $5 billion", substitute "entities that are not significant global entities".