Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 417.95

  (1)   A choice under section   417 - 90:

  (a)   must be in the * approved form; and

  (b)   must be made no later than:

  (i)   the day you lodge your * income tax return for the income year for which the choice is made; or

  (ii)   a later time allowed by the Commissioner; and

  (c)   must be given to the Commissioner within 30 days after you make the choice.

  (2)   The choice cannot be revoked.

  (3)   Only one choice can be made under this Subdivision in relation to the same part of a * tax loss.