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December 14, 2020
Start date – losses incurred in 2019/20. Election first available when lodging 2020/21 tax return.   The Government has announced that the tax law will be amended to allow corporate tax entities with an aggregated turnover of less than $5 billion to elect to carry-back tax losses from the 2019–20, 2020–21, or 2021–22 income years...
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