Which of the following is true for the similar business test in section 165-13 ITAA97?

Question

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The similar business test, as outlined in section 165-13 of the ITAA97, allows a company to deduct tax losses from previous years if it can demonstrate that its current business activities are similar to those it conducted in the loss year. This test is less restrictive than the same business test and focuses on whether the business is using mostly the same assets and resources to generate assessable income, among other factors.

Which of the Following Is True for the Similar Business