Income Tax Assessment Act 1997
This Act applies to you as if a payment you receive from the Commonwealth, the *HIH Trust or a prescribed entity for assignment of your rights under or in relation to a *general insurance policy you held with an *HIH company:
(a) had been made by the HIH company; and
(b) had been made under the terms and conditions of the general insurance policy you held with the HIH company. 322-5(2)
The HIH Trust is the HIH Claims Support Trust (established on 6 July 2001). 322-5(3)
An HIH company is:
(a) CIC Insurance Limited; or
(b) FAI General Insurance Company Limited; or
(c) FAI Reinsurances Pty Limited; or
(d) FAI Traders Insurance Company Pty Limited; or
(e) HIH Casualty and General Insurance Limited; or
(f) HIH Underwriting and Insurance (Australia) Pty Limited; or
(g) World Marine and General Insurances Pty Limited; or
(h) another related company specified in writing by the Commissioner.
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