Help in completing this schedule

Should you require help in completing this schedule, please contact Daryl Montiford of the Box Hill office of the Australian Taxation Office on (03) 9275 2579.

Appendix 1:

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

Stand-alone life company

For a life company with an income year ended 30 June 2003 that is a 'stand-alone life company', the amount included at label F is the total assessable income of the life company less the assessable income of the complying superannuation class less the remaining statutory income that is included in the assessable income of the life 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 'stand-alone life company', 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 'stand-alone life company', the amount included at label F is the total assessable income of the life company less the assessable income of the complying superannuation class less the remaining statutory income that is included in the assessable income of the life 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 'stand-alone life company', the amount included at label F is the total assessable income of the life 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.