The New Loss Carry-Back Rules Webinar

Applying the 2020-21 Federal Budget changes in practice

Thursday, 10 December 2020

Register Me

How to apply the rules in practice
When tax offsets and refunds can be claimed
The options that will be available when dealing with tax losses

In the 2020-21 Federal Budget, the Government announced that businesses with aggregated annual turnover of less than $5 billion would be able to carry back losses from the 2020, 2021 and 2022 income years to offset previously taxed profits in the 2019, 2020 and 2021 income year. The new rules have already been rushed through Parliament.

The New Loss Carry-Back Rules Webinar works through the detail of the new rules to help you identify clients who might be able to take advantage of these temporary measures.

We work through the conditions that need to be met to access the loss carry-back rules, the options that are available for dealing with losses while this measure is in place and how to calculate loss carry-back tax offsets.

Register Me
Register Office

Thursday, 10 December 2020

12:00pm - 1:15pm AEDT in ACT, NSW, TAS & VIC
11:30am SA
11:00am QLD
10:30am NT
09:00am WA

1.25 PD Hours
Reference notes included
Recording access for 3 months

What we cover

This practical session covers:

  • Key conditions that must be satisfied before losses can be carried back to previous years 
  • When companies can start receiving refunds of tax paid in prior years 
  • Options that companies have for dealing with their tax losses 
  • Step-by-step guide to calculating the tax offset 
  • The interaction between the loss carry-back rules and franking account balances 
  • Applying the new integrity rules in practice 
  • Planning considerations 

Our Presenter

Michael Carruthers
Tax Director, Knowledge Shop

Michael oversees the development of the tax team for Knowledge Shop and Hayes Knight in Sydney and is head of the Easton group’s national tax committee.

Michael has a knack for seeing through the complexity and helping practitioners work through highly technical issues with certainty and accuracy.

Michael is a member of the advisory panel for the Board of Taxation and was a member of the reference group for the Board’s review of small business concessions.

He was also an expert panel member for the Board’s review of tax impediments facing small business.

Michael Carruthers
Michael Carruthers
Tax Director, Knowledge Shop

Thursday, 10 December 2020

12:00pm - 1:15pm AEDT in ACT, NSW, TAS & VIC
11:30am SA | 11:00am QLD | 10:30am NT | 09:00am WA


Webinar, reference notes + recording access for 3 months

  • $195 Individual access
  • $430 Office access*
Member Register


Webinar, reference notes + recording access for 3 months

  • $235 Individual access
  • $480 Office access*
Register Me
Register Office

Terms & conditionsAll registrations to Knowledge Shop events are subject to our terms and conditions which include a cancellation policy. No refunds are provided for cancellations received 1 day prior to the webinar. No credits are available less than 2 hours prior to the event under any circumstances.

*The office rate applies per office location (maximum number of participants temporarily increased to 20 per office location). The PD points for all attendees will be recognised - multiple links at same location if required. We will contact you for the names of your team once you have registered as an office.


You will need a computer with audio!!

  • Audio Your computer needs speakers or a headset to hear the audio (do a quick check these work). If you are having problems, you can dial in on the phone number provided on the reminders and confirmation but please note your carrier will charge you at long distance rates.
  • Software Join the webinar 15 minutes prior to check that your computer systems allow you to download the GoToMeeting software. Or check your connection days before the webinar by going here
  • Webinar URL To join the webinar, you need to click this link. It was sent to you when you registered and will also be on the reminders - check your spam if you have not received and please contact us ASAP if you have lost.
  • Changing computers If you need to change computers during the webinar, make sure you log off the webinar on the first computer before logging onto the second computer.
  • PC requirements PC users (Windows® 8, 7, Vista, XP or 2003 Server) ; Mac users (Mac OS® X 10.6 or newer); Mobile users (iPhone®, iPad®, Android™ phone or Android tablet).