Tax Laws Amendment (2011 Measures No. 9) Act 2012 (12 of 2012)

Schedule 6  

Part 6   Asterisks

Division 3   Other amendments

Income Tax Assessment Act 1997

61   Section 36-25 (table relating to tax losses of corporate tax entities, item 1)

Omit “*corporate tax entity that has an amount of *excess franking offsets for an income year: it works out its *tax loss”, substitute “corporate tax entity that has an amount of excess franking offsets for an income year: it works out its tax loss”.