Taxation Ruling

TR 92/7A - Addendum

Income tax: life assurance companies - total income

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FOI status:

Addendum

This Addendum amends Taxation Ruling TR 92/7, in relation to the 1997-98 or a later income year, as follows:

Paragraph 2

•

Omit 'section 25 of the Income Tax Assessment Act 1936'; substitute 'Division 6 of the Income Tax Assessment Act 1997 ('ITAA 1997') (formerly section 25 of the Income Tax Assessment Act 1936 ('ITAA 1936'))'.

Paragraph 13

•

Omit 'subsection 25(1)'; substitute 'section 6-5 of the ITAA 1997 (formerly subsection 25(1) of the ITAA 1936)'.

Paragraph 14

(a)

Omit 'subsection 25(1)'; substitute 'section 6-5'.

(b)

Omit '[section] 160Z'; substitute '[sections] 102-20, 102-22, 102-30, 108-10, 108-20, 110-25(1), 114-10, 118-12, 118-15(c), 118-40, Division 104 and Division 50 of the ITAA 1997 (formerly section 160Z of the ITAA 1936)'.

(c)

Omit 'subsection 51(1)'; substitute 'section 8-1 of the ITAA 1997 (formerly subsection 51(1) of the ITAA 1936)'.

Paragraph 20

•

Omit 'section 51'; substitute 'Division 8 of the ITAA 1997 (formerly section 51 of the ITAA 1936)'.

Commissioner of Taxation
28 April 1999

References

ATO references:
NO 99/4295-5; 90/7295-1