Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-35 - INSURANCE BUSINESS  

Division 320 - Life insurance companies  

Subdivision 320-C - Deductions and capital losses  

Guide to Subdivision 320-C

SECTION 320-50   What this Subdivision is about  

TABLE OF SECTIONS

TABLE OF SECTIONS

Operative provisions
320-55	Deduction for life insurance premiums where liabilities under life insurance policies are to be discharged from complying superannuation assets
320-60	Deduction for life insurance premiums where liabilities under life insurance policies are to be discharged from segregated exempt assets
320-65	Deduction for life insurance premiums in respect of life insurance policies that provide for participating or discretionary benefits
320-70	No deduction for life insurance premiums in respect of certain life insurance policies payable only on death or disability
320-75	Deduction for ordinary investment policies
320-80	Deduction for certain claims paid under life insurance policies
320-85	Deduction for increase in value of liabilities under net risk components of life insurance policies
320-87	Deduction for assets transferred from or to complying superannuation asset pool
320-100	Deduction for life insurance premiums paid under certain contracts of reinsurance
320-105	Deduction for assets transferred to segregated exempt assets
320-107	(Repealed by No 81 of 2016)
320-110	Deduction for interest credited to income bonds
320-111	Deduction for funeral policy payout
320-112	Deduction for scholarship plan payout
320-115	No deduction for amounts credited to RSAs
320-120	Capital losses from assets other than complying superannuation assets or segregated exempt assets
320-125	Capital losses from complying superannuation assets