Income Tax Assessment Act 1997

Subdiv 195-B inserted by No 136 of 2002.

S 195-72 inserted by No 92 of 2020, s 3 and Sch 2 item 25, effective 1 January 2021.

Former s 195-72 repealed by No 96 of 2014, s 3 and Sch 2 item 25, effective 30 September 2014 and applicable to assessments for the income year before the income year in which this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 195-72 formerly read:

SECTION 195-72 Tax losses cannot be carried back to before ceasing to be a VCLP, an ESVCLP, an AFOF or a VCMP  
195-72
A * limited partnership ' s * tax loss for a * loss year cannot be * carried back to an income year during which the partnership was a * VCLP, an * ESVCLP, an * AFOF or a * VCMP.

Former s 195-72 inserted by No 88 of 2013, s 3 and Sch 6 item 58, effective 29 June 2013.