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

73   Subsection 995-1(1)


ordinary investment policy means a *life insurance policy that is not:

(a) a *virtual PST life insurance policy; or

(b) an *exempt life insurance policy; or

(c) a policy that provides for *participating benefits or *discretionary benefits; or

(d) a policy (other than a *funeral policy) under which amounts are to be paid only on the death or disability of a person.