On 6 May 2012, the Australian Government announced its intention to introduce a company loss carry-back initiative, which will help businesses facing pressures in our patchwork economy, reduce disincentives to sensible risk taking and encourage investment and growth. Further details of the measure were announced as part of the 2012-13 Budget on 8 May 2012.
This Discussion Paper sets out sets out the proposed implementation and design details for loss carry-back, and is the basis for consultation on its further development.
Please note that this is separate to the exposure draft and explanatory material "Improving access to company losses - Introducing loss carry-back " from August 2012.