INCOME TAX ASSESSMENT ACT 1936 - SECT 102AAZC Modified application of loss provisions--pre-1990-91 losses
INCOME TAX ASSESSMENT ACT 1936 - SECT 102AAZC
Modified application of loss provisions--pre-1990-91 losses In calculating the attributable income of a trust estate of a
year of income, no deductions are allowable under Division 36 of the
Income Tax Assessment Act 1997 in respect of tax losses of a year of income
earlier than the year of income commencing on 1 July 1990.