From the time of its incorporation in 2001, Hassle Pty Ltd ran a business of importing and selling bicycles. The head office of the business was in Melbourne and warehouses and retail outlets were located in Melbourne, Sydney and Brisbane. Rick and seven other shareholders each held 125 shares of the total 1,000 issued shares in the company.

On 1 July 2021, five shareholders sold all their shares to Rick following a disagreement about the way the business should be run. Part of the reason for the dispute between the shareholders was the downturn in Hassle's trading activities in 2020/21, and Hassle ended up recording a tax loss of $150,000 for that year. Once Rick had control of the company, he moved the head office to Sydney. He continued to import bicycles for sale but also purchased and sold Australian-made bicycles and commenced a new property development business.

Question Explain whether Hassle can carry forward to 2021/22 the $150,000 tax loss incurred in 2020/21.