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Taxation Ruling

TR 95/28A2 - Addendum No. 2

Income tax: life insurers and friendly societies - effect of 1994 amendments to Division 8 and Division 8A

FOI status:

may be released

Addendum No. 2

This Addendum amends Taxation Ruling TR 95/28, in relation to the 1997-98 or a later income year, as follows:

1. At the Title

Include after the words 'Division 8 and Division 8A' the following words: 'of the Income Tax Assessment Act 1936'.

2. Include after the words 'sections 111AC and 111AD'(wherever occurring) the following words: 'of the 1936 Act'.

3. Include after the words 'section 111AC' (wherever occurring) the following words: 'of the 1936 Act'.

4. Include after the words 'section 111AD' (wherever occurring) the following words: 'of the 1936 Act'.

5. Include after the words 'section 112BA' (wherever occurring) the following words: 'of the 1936 Act'.

6. Omit the words 'paragraph 23(r)'(wherever occurring); substitute the words; 'the former paragraph 23(r) of the 1936 Act'.

7. Include after the words 'section 113A (wherever occurring) the following words: 'of the 1936 Act'.

8. Include after the words 'sections 111A and 111AA' (wherever occurring) the following words: 'of the 1936 Act'.

9. Include after the words 'section 111C' (wherever occurring) the following words: 'of the 1936 Act'.

10. Include after the words 'section 113' (wherever occurring) the following words; 'of the 1936 Act'.

11. At Paragraph 1

Omit '('the Act')'; substitute '('the 1936 Act')'.

12. At Paragraph 3 - subheading

Include after the words 'section 112BA (section 116HAD)' the following words: 'of the 1936 Act'.

13. At Paragraph 3

Include after the words 'subsection 112BA(5)' and 'section 112BA' the following words: 'of the 1936 Act'.

14. At Paragraph 4 - subheading

Include after the words 'paragraph 112BA(1)(d) (paragraph 116HAD(1)(d))' the following words: 'of the 1936 Act'.

15. At Paragraph 4

Include after the words 'section 112BA(1)(d)' the following words: 'of the 1936 Act'.

16. At Paragraph 5 - subheading

Include after the words 'paragraph 112BA(2)(a)(v) (paragraph 116HAD(2)(e))' the following words: 'of the 1936 Act'.

17. At Paragraph 5

Include after the words 'section 111' the following words: 'of the 1936 Act'.

18. At Paragraph 9

Omit 'of the Act'; substitute 'of the 1936 Act'.

19. At Paragraph 10

Include after the words 'paragraph 113(3)(b)' the following words: 'of the 1936 Act'.

20 At Paragraph 11

(a)
Include after the words 'section 51' the following words: 'of the 1936 Act'.
(b)
Include after the words 'subsection 113A(2)' the following words: 'of the 1936 Act'.
(c)
Include after the words 'paragraph 111C(1)(b)' the following words: 'of the 1936 Act'.

21. At Paragraph 12

(a)
Omit 'section 51 apportionment'; substitute 'section 8-1 of the Income Tax Assessment Act 1997 ('the 1997 Act') (formerly subsection 51(1) of the 1936 Act) - apportionment'.
(b)
Omit 'section 51'; substitute 'section 8-1'.

22. At Paragraph 13

(a)
Include after the words 'paragraphs 116HAB(2)(f) and 116HAC(3)(f)' the following words: 'of the 1936 Act'.
(b)
Include after the words 'Division 8A' the following words: 'of the 1936 Act'.

23. At Paragraph 14 - subheading

(a)
Include after the words '111AC(2)(a), (b), (d) and 111AD(3)(a),(b)(d)' the following words: 'of the 1936 Act'.
(b)
Include after the words '116HAC(3)(a), (b), (d))' the following words: 'of the 1936 Act'.

24. At Paragraph 15

(a)
Omit 'subsection 51(1)'; substitute 'section 8-1'.
(b)
Omit 'section 51'; substitute 'section 8-1'.

25. At Paragraph 17

Include after the words 'Division 8' the following words: 'of the 1936 Act'.

26. At Paragraph 18

(a)
Include after the words 'subsections 111AC(3) and 111AD(4)' the following words: 'of the 1936 Act'.
(b)
Include after the words 'subsections 111AC(1) and 111AD(2)' the following words: 'of the 1936 Act'.
(c)
Include after the words 'subsections 111AC(6) and 111AC(7)' the following words: 'of the 1936 Act'.

27. At Paragraph 19 - subheading

Include after the words 'sections 116HAB and 116HAC' the following words: 'of the 1936 Act'.

28. At Paragraph 19

(a)
Include after the words 'paragraphs 111AC(2)(a) and (c) and 111AD(3)(a) and (c)' the following words; 'of the 1936 Act';
(b)
Include after the words 'subsections 111AC(6) and 111AD(7)' the following words; 'of the 1936 Act'.

29. At Paragraph 20

Include after the words 'paragraphs 111AC(2)(e) or 111AD(3)(e)' the following words: 'of the 1936 Act'.

30. At Paragraph 23

(a)
Include after the words 'section 82AAR' and 'section 82AAC' the following words: 'of the 1936 Act'.
(b)
Include after the words 'paragraphs 111AC(2)(e) and 111AD(3)(e)' the following words: 'of the 1936 Act'.

31. At Paragraph 24

Include after the words 'subsections 111AC(4) and 111AD(5)' the following words: 'of the 1936 Act'.

32. At Paragraph 27

(a)
Include after the words 'Subsection 111(1)' the following words: 'of the 1936 Act'.
(b)
Include after the words 'section 51' the following words: 'of the 1936 Act'.
(c)
Omit 'provisions in the Act'; substitute 'provisions of the 1936 Act'.

33. At Paragraph 29

(a)
Include after the words 'section 116HAD' the following words: 'of the 1936 Act'.
(b)
Include after the words 'see 112BA(2)' the following words: 'of the 1936 Act'.

34. At Paragraph 30

(a)
Include after the words 'subsection 112BA(4)' and 'paragraph 112BA(1)(d)' the following words: 'of the 1936 Act'.
(b)
Include after the words 'subsection 26AAB(14)' the following words: 'of the 1936 Act'.
(c)
Omit 'provisions of the Act'; substitute 'provisions of the 1936 and 1997 Acts'.

35. At Paragraph 31

Include after the words 'Subsection 112BA(2)' the following words: 'of the 1936 Act'.

36. At Paragraph 33

(a)
Include after the words 'subsection 112BA(3)' the following words: 'of the 1936 Act'.
(b)
Include after the words 'Division 8' the following words: 'of the 1936 Act'.

37. At Paragraph 34

Include after the words 'Paragraph 112BA(1)(c)' the following words: 'of the 1936 Act'.

38. At Paragraph 35

(a)
Include after the words 'Paragraph 112BA(2)(v)' the following words: 'of the 1936 Act'.
(b)
Include after the words 'subsection 112BA(1)' the following words: 'of the 1936 Act'.

39. At Paragraph 36

(a)
Include after the words 'paragraph 112BA(1)(c)' the following words: 'of the 1936 Act'.
(b)
Include after the words 'subsection 111AB(1)' the following words: 'of the 1936 Act'.

40. At Paragraph 37

Include after the words 'subsections 111A(1A) and 111AA(1A)' the following words: 'of the 1936 Act'.

41. At Paragraph 38

(a)
Include after the words 'subsections 111A(3) and 111AA(1B)' the following words: 'of the 1936 Act'.
(b)
Include after the words 'subsections 111A(1) and 111AA(2)' the following words: 'of the 1936 Act'.

42. At Paragraph 38(b)

Include after the words 'section 23AH' the following words: 'of the 1936 Act'.

43. At Paragraph 39 - sub-heading

Include after the words 'Section 112' the following words: 'of the 1936 Act'.

44. At Paragraph 39

Include after the words 'section 112' the following words: 'of the 1936 Act'.

45. At Paragraph 40

(a)
Include after the words 'subsection 111AA(3)' the following words: 'of the 1936 Act'.
(b)
Include after the words 'the 1994 amendments' the following words: 'to the 1936 Act'.

46. At Paragraph 42 - subheading

Include after the words 'section 116HAB and 116HAC' the following words: 'of the 1936 Act'.

47. At Paragraph 45

Omit 'subsection 51(1)'; substitute 'section 8-1'.

48. At Paragraph 48

(a)
Omit 'of the Act'; substitute 'of the 1936 Act'.
(b)
Omit reference to 'under section 51'; substitute 'the former subsection 51 of the 1936 Act'.

49. At Paragraph 49

(a)
Include after the words 'subsection 111AC(3) and 111AC(4)' the following words: 'of the 1936 Act'.
(b)
Omit 'sections 51'; substitute 'sections 8-1'.
(c)
Omit 'section 54'; substitute 'section 42-15 of the 1997 Act (formerly section 54 of the 1936 Act)'.
(d)
Omit 'section 72'; substitute 'section 8-1 of the 1997 Act (formerly section 72 of the 1936 Act)'.
(e)
Include after the words 'section 82AAC' the following words: 'of the 1936 Act'.
(f)
Omit 'Division 10D'; substitute 'Division 43 of the 1997 Act (formerly Division 10D of the 1936 Act)'.

50. At Paragraph 50

(a)
Omit 'section 82 of the Act'; substitute 'section 8-10 of the 1997 Act (formerly section 82 of the 1936 Act)'.
(b)
Include after the words 'section 82AAR', 'section 82AAC' and 'section 73B' the following words: 'of the 1936 Act'.

51. At Paragraph 51

(a)
Include after the words 'subsection 111AC(5) and 111AD(6)' the following words: 'of the 1936 Act'.
(b)
Omit 'sections 51'; substitute 'sections 8-1'.

52. At Paragraph 52

(a)
Include after the words 'subsections 111AC(6) and 111AD(7)' the following words: 'of the 1936 Act'.
(b)
Include after the words 'section 82AAC' the following words: 'of the 1936 Act'.
(c)
Omit 'section 51AE precluding'; substitute 'Division 32 of the 1997 Act (formerly section 51AE of the 1936 Act) excluding'.

53. At Paragraph 53

(a)
Include after the words 'subsections 111AC(1) and 111AD(2)'the following words: 'of the 1936 Act'.
(b)
Include after the words 'subsections 111AC(3) and 111AD(4)' the following words: 'of the 1936 Act'.
(c)
Include after the words 'subsections 111AC(6) and 111AD(7)' the following words: 'of the 1936 Act'.

54. At Paragraph 54

Include after the words 'paragraph 113(3)(b)' the following words: 'of the 1936 Act'.

55. At Paragraph 55

Omit 'section 51'; substitute 'section 8-1'.

56. At Paragraph 56 (deleted on 30 August 1995 by Addendum No 1)

(a)
Include after the words 'paragraph 111AC(2)(c)' and 'paragraph 111AD(3)(c)' the following words: 'of the 1936 Act'.
(b)
Include after the words 'subsection 116CF(2)' the following words: 'of the 1936 Act'.

57. At the Legislative References

Omit all legislative references and substitute the following:
ITAA 1936 23AH
ITAA 1936 26AAB
ITAA 1936 51
ITAA 1936 54
ITAA 1936 73B
ITAA 1936 82
ITAA 1936 82AAC
ITAA 1936 82AAR
ITAA 1936 111
ITAA 1936 111A
ITAA 1936 111AA
ITAA 1936 111AB
ITAA 1936 111AC
ITAA 1936 111C
ITAA 1936 112
ITAA 1936 112BA
ITAA 1936 113
ITAA 1936 113A
ITAA 1936 116CF
ITAA 1936 116HAB
ITAA 1936 116HAC
ITAA 1936 116HAD
ITAA 1936 116HB
ITAA 1936 Division 10D
ITAA 1997 8-1
ITAA 1997 8-10
ITAA 1997 42-15
ITAA 1997 Division 32
ITAA 1997 Division 43
TLAA(94) 70C
ICA 57

Commissioner of Taxation
18 August 1999

References

ATO references:
NO 99/10494-5

ISSN 1039-0731

Related Rulings/Determinations:

TR 95/28A


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