Tax Laws Amendment (2004 Measures No. 2) Act 2004 (83 of 2004)

Schedule 1   Life insurance companies

Part 1   Amendments commencing on 30 June 2000

Income Tax Assessment Act 1997

35   Section 320-165

Repeal the section, substitute:

320-165 What this Subdivision is about

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