INCOME TAX RATES ACT 1986

PART III - RATES OF INCOME TAX PAYABLE UPON INCOMES OF COMPANIES, PRESCRIBED UNIT TRUSTS, SUPERANNUATION FUNDS, CERTAIN OTHER TRUSTS AND SOVEREIGN ENTITIES  

SECTION 23A   23A   RATES OF TAX PAYABLE BY LIFE INSURANCE COMPANIES  


The rates of tax in respect of the taxable income of a life insurance company are:


(a) in respect of the ordinary class - 30%; and


(b) in respect of the complying superannuation class - 15%.





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