Tax Laws Amendment (2004 Measures No. 7) Act 2005 (41 of 2005)

Schedule 10   Technical corrections and amendments

Part 1   Technical corrections and amendments commencing on Royal Assent

Income Tax Assessment Act 1997

208   Subsection 995-1(1)


foreign resident life insurance policy means a *life insurance policy that:

(a) was issued by a company in the course of *carrying on a *business at or through the *permanent establishment of the company in a foreign country; and

(b) is held by an entity that is neither an *associate of the company nor a Part X Australian resident (within the meaning of Part X of the Income Tax Assessment Act 1936).