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
Income Tax Assessment Act 1997
11 At the end of subsection 36-17(1)
Note 1: A tax loss can be deducted under this section only to the extent that it has not already been utilised: see subsection 960-20(1).
Note 2: A corporate tax entity may also be able to carry a loss back to an earlier income year: see Division 160.