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

41   Subsection 995-1(1) (definition of utilise )

Repeal the definition, substitute:

utilise , a *tax loss, a *net capital loss or *net exempt income, has the meaning given by section 960-20.