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18 Jul 2012 Improving access to company losses - Introducing loss carry-back

On 6 May 2012, the 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.

In media release No 2012/074, issued 18 July 2012, the Assistant Treasurer and Minister Assisting for Deregulation, David Bradbury, announced the release of a discussion paper that sets out the proposed implementation and design details for the loss carry-back, and is the basis for consultation on its further development.


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