The New Loss Carry-Back Rules Webinar

Applying the 2020-21 Federal Budget changes in practice

Recorded Thursday, 10 December 2020

Individual Recording

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.

Member Recording 
Individual Recording
Office Recording

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 
Member Recording 
Individual Recording
Office Recording

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




$195 Member
$235 Non-member




$430 Member*
$480 Non-member*


*The office rate applies per office location (maximum 10 participants 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.


How to access the recording

  1. Knowledge Shop members, access your discounted pricing by logging into the Knowledge Shop member website and registering. More on membership.
  2. For Individuals:
    • Register and we will email you your access details to Knowledge Shop's IQ platform (generally within 24 - 48 hours).
    • Your recording and any successive recordings you purchase will display on your personal profile.
  3. For Offices (access for up to 10 individuals from the same firm): 
    • Register and we will contact you to organise login details for your nominated staff members (generally within 24 - 48 hours).
    • You can also nominate a supervisor from your firm who will be able to see who has completed the webinar and where applicable, their quiz scores.
  4. Your recording will be available for 3 months from the date of purchase and can be viewed as many times as the registered person likes within those 3 months. Once watched, your PD hours will be recorded on the personal profile of the participant. 


Terms & Conditions 
All registrations to Knowledge Shop events are subject to our terms and conditions which include a cancellation policy. No refunds are available for webinar recordings once the Knowledge Shop IQ platform has been accessed.  Refunds are only possible if the webinar recording has not been accessed.