Document ID: chunk:federal_register_of_legislation:C2005A00147:clause:1_90
Version: federal_register_of_legislation:C2005A00147
Segment Type: clause
Provision Reference: sch 1 cl 90
Character Range: 95708–96198

90  Subsection 175‑40(2) (note)
Repeal the note, substitute:

Note 1: Subdivision 165‑A deals with the deductibility of a company's tax loss for an earlier income year if there has been a change in the ownership or control of the company in the period from the start of the loss year to the end of the income year.

Note 2: Companies whose total income for an income year is more than $100 million cannot meet the condition in section 165‑13 in respect of that year: see section 165‑212A.