‑10 What this Division is about
This Division sets out the rules about carrying forward excess tax offsets to later income years. You can only carry forward certain tax offsets. Before you can apply a tax offset to reduce the amount of income tax that you will pay in a later year, you must apply it to reduce certain amounts of net exempt income. The same rules that prevent companies from utilising certain losses of earlier income years prevent companies from applying tax offsets that they have carried forward. Table of sections Operative provisions 65‑30 Amount carried forward 65‑35 How to apply carried forward tax offsets 65‑40 When a company cannot apply a tax offset 65‑50 Effect of bankruptcy 65‑55 Deduction for amounts paid for debts incurred before bankruptcy
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.
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