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

75   Subsection 995-1(1)

Insert:

sickness policy means a *life insurance policy issued by a *friendly society for the sole purpose of providing:

(a) benefits in respect of a sickness of the insured person; or

(b) benefits covered by paragraph (a) and benefits to pay for the funeral of the insured person.