Blackburn Accounting - Tax News - Tax loss carry back law now passed.

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Eligible corporate tax entities can claim a refundable tax offset in 2026-27 tax returns to help with their cashflow.

The introduction of the loss carry-back tax offset that was announced by the Australian Government in the 2026-27 Budget is now law. (ATO Bulletin published 8 September 2026)

The law change is intended to help with cashflow and resilience. If you have paid tax during profitable years and then make a loss, you may be able to claim some of that tax back.

The changes apply to income years starting on or after 1 July 2026.

Need advice or help with this or any Business matters? Contact Blackburn Accounting, your Family Business Specialists. We offer a range of services which include Family Business Management, Cashflow Management and Business Development.

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Gregg Mountford

"Tim has been our accountant for over 10 years and throughout that whole time, he has been very professional, trustworthy, efficient and a pleasure to work with. He has the capacity to understand complex issues and his knowledge is always up to date, providing a quality service."

Gregg Mountford Managing Director – Negotiator WA Pty Ltd

Leon Sainken

"Tim has been our accountant for the last eight years. He has an exceptional understanding of the for ever changing tax landscape which benefits all of his clients. As Tim has moved through his career we have followed, I think that’s testament to his ability!"

Leon Sainken Managing Director – LSA Advertising

Peter Shewring

"We have known Tim Blackburn since June 2007. He has been our accountant with the Glenrange Global Pty Ltd and Glenrange Enterprises refrigeration electrical engineering business and our food export business Auspies Pty Ltd to Russia."
Peter Shewring
Managing Director – Glenrange Global Pty Ltd

Peter Shewring

"During this time Tim has shown a professional aptitude to all matters of taxation and general advice for and to business, including the exporting business where there has been a high degree of complexity regarding accountancy, business strategies and taxation requirements.
From the exporting company inception, Tim travelled to Russia to facilitate Aussie Pie Pty Ltd for the compliance to both countries taxation regulations requirements.
Tim has the ability to place the customer and/or the company first, a rare commodity in today’s world."
Peter Shewring

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Tax News - Tax loss carry back law now passed.

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