Tax and Superannuation Laws Amendment (2013 Measures No. 1) Act 2013 (88 of 2013)
Schedule 6 Loss carry back consequential amendments
Part 2 Other amendments
Income Tax Assessment Act 1997
52 Section 36-25 (table dealing with tax losses of pooled development funds (PDFs), item 1)
Repeal the item, substitute:
A company is a pooled development fund (PDF) at the end of an income year for which it has a tax loss: it can only:
(a) deduct the loss while it is a PDF; or
(b) carry back the loss to an income year in which it was a PDF.
Sections 195-5 and 195-37
© Australian Taxation Office for the Commonwealth of Australia
You are free to copy, adapt, modify, transmit and distribute material on this website as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).