INCOME TAX (TRANSITIONAL PROVISIONS) ACT 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-35 - INSURANCE BUSINESS  

Division 322 - Assistance for policyholders with insolvent general insurers  

Subdivision 322-B - Tax treatment of entitlements under financial claims scheme  

SECTION 322-25   322-25   Application of section 322-25 of the Income Tax Assessment Act 1997  


Section 322-25 of the Income Tax Assessment Act 1997 applies to amounts paid or applied before, on or after the commencement of that section to meet entitlements arising under Part VC of the Insurance Act 1973 after 17 October 2008.
Note:

Part VC of the Insurance Act 1973 commenced on 18 October 2008.




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