Commonwealth Numbered Acts

INCOME TAX ASSESSMENT ACT 1997 No. 38 of 1997 - SECT 165.20

(1) If section 165-10 (which is about deducting a tax loss) prevents a company
from deducting a *tax loss, the company can deduct the part of the tax loss
that was incurred during a part of the loss year.

(2) However, the company can do this only if, assuming that part of the *loss
year had been treated as the whole of the loss year for the purposes of
section 165-10, the company would have been entitled to deduct the tax loss.