Income Tax Assessment Act 1936

PART III - LIABILITY TO TAXATION  

Division 15 - Insurance with non-residents  

SECTION 141  

141   INTERPRETATION  
In this Division:

insurance contract
means a contract or guarantee whereby liability is undertaken, contingent upon the happening of any specified event, to pay any money or make good any loss or damage, but does not include a contract of life assurance.

insured event
means an event upon the happening of which the liability under an insurance contract arises.

insured person
means a person with whom any insurance contract is entered into by an insurer.

insured property
means the property the subject of an insurance contract made or given by an insurer.

insurer
means any non-resident who undertakes liability under an insurance contract.


 

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