Section 36 — Income Tax Assessment Act 1997 (Cth)

‑1  What this Division is about

If you have more deductions for an income year than you have income, the difference is a tax loss.

Note: You may be able to utilise the tax loss in that or a later income year.

Sourced from the Federal Register of Legislation at 25 May 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au. Verify the current text against the official source before relying on it.