INCOME TAX ASSESSMENT ACT 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-35 - INSURANCE BUSINESS  

Division 322 - Assistance for policyholders with insolvent general insurers  

Subdivision 322-A - HIH rescue package  

SECTION 322-10   322-10   HIH Trust exempt from tax  


The total *ordinary income and *statutory income of:


(a) the HIH Trust; and


(b) an entity prescribed for the purposes of this Division;

is exempt from income tax.


 

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