Tax Laws Amendment (2009 Measures No. 4) Act 2009 (88 of 2009)

Schedule 4   Consolidation: application of losses with nil available fraction

Income Tax Assessment Act 1936

1   At the end of subsection 245-105(1) in Schedule 2C

Add:

Note: The total net forgiven amount may be reduced under section 707-415 of theIncome Tax Assessment Act 1997.