Treasury Laws Amendment (Tax Reform No. 2) Act 2026 (71 of 2026)
Schedule 1 Loss carry back tax offset
Part 2 Other amendments
Income Tax Assessment Act 1997
4 Section 36-25
Omit "loss carry back tax offset for 2020-21, 2021-22 or 2022-23 for businesses with turnover under $5 billion", substitute "loss carry back tax offset for entities that are not significant global entities".
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