Document ID: chunk:federal_register_of_legislation:C2025C00029:section:3:p19
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 3 (pt 19/29)
Character Range: 2890875–2893283

for the 2021‑22 income year is to be carried back to the 2018‑19 income year;
 (aa) if the current year is the 2022‑23 income year and the 2022‑23 income year was a loss year:
 (i) how much (expressed as a specified amount) of the entity's tax loss (if any) for the 2022‑23 income year is to be carried back to the 2021‑22 income year; and
 (ii) how much (expressed as a specified amount) of the entity's tax loss (if any) for the 2022‑23 income year is to be carried back to the 2020‑21 income year; and
 (iii) how much (expressed as a specified amount) of the entity's tax loss (if any) for the 2022‑23 income year is to be carried back to the 2019‑20 income year; and
 (iv) how much (expressed as a specified amount) of the entity's tax loss (if any) for the 2022‑23 income year is to be carried back to the 2018‑19 income year;
 (ab) if the current year is the 2022‑23 income year and the 2021‑22 income year was a loss year:
 (i) how much (expressed as a specified amount) of the entity's tax loss (if any) for the 2021‑22 income year is to be carried back to the 2020‑21 income year; and
 (ii) how much (expressed as a specified amount) of the entity's tax loss (if any) for the 2021‑22 income year is to be carried back to the 2019‑20 income year; and
 (iii) how much (expressed as a specified amount) of the entity's tax loss (if any) for the 2021‑22 income year is to be carried back to the 2018‑19 income year;
 (b) in any case:
 (i) how much (expressed as a specified amount) of the entity's tax loss (if any) for the 2020‑21 income year is to be carried back to the 2019‑20 income year; and
 (i) how much (expressed as a specified amount) of the entity's tax loss (if any) for the 2020‑21 income year is to be carried back to the 2018‑19 income year;
 (c) in any case—how much (expressed as a specified amount) of the entity's tax loss (if any) for the 2019‑20 income year is to be carried back to the 2018‑19 income year.
 (2) The choice under subsection (1) must be made in the *approved form by:
 (a) the day the entity lodges its *income tax return for the *current year; or
 (b) such later day as the Commissioner allows.

160‑16  Changing a loss carry back choice
 (1) An entity may change a *loss carry back choice for the 2020‑21, 2021‑22 or 2022‑23 income year by notice, in the *approved form, given to the Commissioner.
 (2) The notice to change a *loss carry back choice for an income