INCOME TAX ASSESSMENT ACT 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-35 - INSURANCE BUSINESS  

Division 320 - Life insurance companies  

Subdivision 320-F - Complying superannuation asset pool  

Guide to Subdivision 320-F

SECTION 320-165   What this Subdivision is about  


This Subdivision explains how a life insurance company can segregate assets (to be known as a complying superannuation asset pool ) to be used for the sole purpose of discharging its complying superannuation liabilities.


TABLE OF SECTIONS
TABLE OF SECTIONS
Operative provisions
320-170 Establishment of complying superannuation asset pool
320-175 Valuations of complying superannuation assets and complying superannuation liabilities for each valuation time
320-180 Consequences of a valuation under section 320-175
320-185 Transfer of assets to complying superannuation asset pool otherwise than as a result of a valuation under section 320-175
320-190 Complying superannuation liabilities
320-195 Transfer of assets and payment of amounts from a complying superannuation asset pool otherwise than as a result of a valuation under section 320-175
320-200 Consequences of transfer of assets to or from complying superannuation asset pool
320-205 (Repealed by No 83 of 2004)


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