Treasury Laws Amendment (A Tax Plan for the COVID-19 Economic Recovery) Act 2020 (92 of 2020)
Schedule 2 Temporary loss carry back
Part 3 Consequential amendments
Taxation Administration Act 1953
36 Section 45-340 in Schedule 1 (after paragraph (da) of step 1 of the method statement)
Insert:
(db) Division 160 of the Income Tax Assessment Act 1997 (the corporate loss carry back tax offset for 2020-21 or 2021-22 for businesses with turnover under $5 billion); or
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