Show download pdf controls
  • Appendix 1: Further information required for label F

    Attention

    Warning:

    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

    End of attention

    Consolidated group where a life company is a subsidiary member

    For a life company with an income year ended 30 June 2003 that is a member of a consolidated group, the amount included at label F is the total assessable income of the head company less the assessable income of the complying superannuation class less the remaining statutory income that is included in the assessable income of the head company for the income year.

    For a life company with an income year ended 31 December 2002 that is an early balancer and is a member of a consolidated group, the amount included at label F is the total assessable income of the head company less the assessable income of the complying superannuation class for the income year.

    For a life company with an income year ended 30 September 2003 that is a late balancer and is a member of a consolidated group, the amount included at label F is the total assessable income of the head company less the assessable income of the complying superannuation class less the remaining statutory income that is included in the assessable income of the head company for the income year.

    For a life company with an income year ended 31 December 2003 that is a late balancer and is a member of a consolidated group, the amount included at label F is the total assessable income of the head company less the assessable income of the complying superannuation class less the remaining statutory income that is included in the assessable income of the head company for the income year.

    Note: The information outlined above assumes that companies affected by the changes to the definition of instalment income for life insurance companies do not want the change to take effect from the first instalment quarter of their first income year starting on or after 1 July 2003.

    Last modified: 07 Sep 2010QC 17233