Superannuation Legislation Amendment (Simplification) Act 2007 (15 of 2007)
Schedule 1 Consequential amendments etc.
Part 2 Other consequential amendments etc.
Income Tax Assessment Act 1997
256 Subsection 995-1(1) (definition of risk component )
Repeal the definition, substitute:
risk component :
(a) the risk component of a premium for a *life insurance policy has the meaning given by subsection 26-85(2); and
(b) the risk component of a claim paid under a life insurance policy has the meaning given by section 320-80.