Taxation Laws Amendment Act (No. 1) 1995 (120 of 1995)

Schedule 1 VARIOUS AMENDMENTS OF THE INCOME TAX ASSESSMENT ACT 1936

Insert:

" 'eligible investment asset', in relation to a registered organisation, means:

(a) a premium or other amount derived in carrying on eligible insurance business of the organisation; or

(b) income or profit derived from assets that are eligible investment assets of the organisation (including because of this paragraph); or

(c) any other asset purchased out of assets that are eligible investment assets of the organisation (including because of this paragraph);".