Corporate tax entities that are not significant global entities can carry back tax losses to the previous two years; this provides a refundable tax offset.

The loss carry back offset is capped at the entity's franking account balance; this cap does not apply to certain foreign residents.

Corporate tax entities cannot carry back losses if the loss was transferred to or from the entity.

Corporate tax entities are banned from carrying back losses if the move is part of a scheme to profit from a change in voting control.

Entities must lodge a choice in the approved form to carry back losses.

Income from PNG Chiefs Limited is exempt from income tax for employees and former employees for ten years starting in 2025-26.

Small business entities get a higher instant asset write-off threshold; the limit rises from $1,000 to $20,000.