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The no wastage of current year losses

The no wastage of current year losses and optional use of prior year losses measures have been enacted

The legislation that gives effect to the no wastage of current year losses and optional use of prior year losses measures has been enacted.  These new rules are contained in the Taxation Laws Amendment Act (No.5) 2003 that received Royal Assent on December 17.

http://ato.gov.au/distributor.asp?doc=/content/40870.htm

Published: February 2 2004

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