INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

PART IIIA - CAPITAL GAINS AND CAPITAL LOSSES  

Division 16 - Insurance and superannuation  

SECTION 160ZZH   POLICIES OF INSURANCE  

160ZZH(1)   [``policy of insurance'']  

In this section, ``policy of insurance'' does not include a policy of assurance within the meaning of section 160ZZI .

160ZZH(2)   [Disposal of rights of insurer]  

This Part does not apply in respect of the disposal of, or of an interest in, the rights of the insurer under a policy of insurance, whether the risks insured relate to an asset or not.

160ZZH(3)   [Disposal of rights of insured]  

This Part applies in respect of the disposal of, or of an interest in, the rights of the insured under a policy of insurance against the risk of the loss or destruction of, or damage to, property only to the extent that those rights relate to an asset in respect of the disposal of which this Part would apply or would have applied.