Hi There, I have family trust where me and my wife both are directors. Trust main business activity is sports and physical recreation instruction. Trust incurred losses for last five years but it is still active. Now I have got contract with mining company as an engineering consultant through my family trust ABN. I understand that it is subject to PSI rules as trust main income is through consulting service. My question is, Can I still offset PSI income with trust losses which accrued for last few years or not at all?