That is incorrect.
" subject to a restricted rate of utilisation "; meaning they can only partly offset yearly taxable income with this loss
The effective cash tax rate going forward will be approx. 27% (rather than 30%), as the fraction of losses to be utilized is approx. 11%. In other words, they can utalize these losses against approx. 11% of taxable income.
see here and onwards: https://hotcopper.com.au/threads/ann-appendix-4d-and-half-yearly-report-and-accounts.8157939/page-15?get_post=true&direction=previous
That is incorrect." subject to a restricted rate of utilisation...
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