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
9 At the end of subsection 36-15(1)
Add:
Note 2: A tax loss can be deducted only to the extent that it has not already been utilised: see subsection 960-20(1).
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