Income Tax Assessment Act 1997
CHAPTER 3
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SPECIALIST LIABILITY RULES
PART 3-35
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INSURANCE BUSINESS
Division 320
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Life insurance companies
Subdivision 320-C
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Deductions and capital losses
Operative provisions
SECTION 320-60 320-60 Deduction for life insurance premiums where liabilities under life insurance policies are to be discharged from segregated exempt assets
A * life insurance company can deduct the amounts of * life insurance premiums transferred in the income year to its * segregated exempt assets under subsection 320-240(3) .
View history note
Hide history noteSECTION 320-60 320-60 Deduction for life insurance premiums where liabilities under life insurance policies are to be discharged from segregated exempt assets
A * life insurance company can deduct the amounts of * life insurance premiums transferred in the income year to its * segregated exempt assets under subsection 320-240(3) .
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