Document ID: chunk:federal_register_of_legislation:C2014C00672:clause:5_6
Version: federal_register_of_legislation:C2014C00672
Segment Type: clause
Provision Reference: sch 5 cl 6
Character Range: 48480–49578

6  Before Division 165
Insert:

Division 160—Loss carry back tax offset

Table of Subdivisions
160‑A Application of Division 160 of the Income Tax Assessment Act 1997

Subdivision 160‑A—Application of Division 160 of the Income Tax Assessment Act 1997

Table of sections
160‑1 Application of Division 160 of the Income Tax Assessment Act 1997
160‑5 Modification for 2012‑13 income year—no carry back to 2010‑11 income year

160‑1  Application of Division 160 of the Income Tax Assessment Act 1997
  Division 160 of the Income Tax Assessment Act 1997 applies to assessments for the 2012‑13 income year and later income years.

160‑5  Modification for 2012‑13 income year—no carry back to 2010‑11 income year
 (1) This section applies to assessments for the 2012‑13 income year.
 (2) Despite subsection 160‑15(2) of the Income Tax Assessment Act 1997, an entity's loss carry back tax offset component for the 2010‑11 income year is treated as being nil.

Part 2—Ascertainment of totals of tax offset refunds

Division 1—Amendments relating to the 2012‑13 income year

Income Tax Assessment Act 1997