Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES

PART 3-35 - INSURANCE BUSINESS

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Division 320 - Life insurance companies

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Subdivision 320-D - Income tax, taxable income and tax loss of life insurance companies

Guide to Subdivision 320-D

SECTION 320-130 What this Subdivision is about

This Subdivision explains how a life insurance company ' s income tax is worked out.

For that purpose, this Subdivision enables a life insurance company to have taxable incomes and tax losses of the following classes:

• the complying superannuation class;

• the ordinary class.

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