Ordinary and statutory income (other than premiums)
If the life insurance company or the head company of a consolidated group derived income from segregated exempt assets (SEA), write at label A the total of all ordinary and statutory income, less the premium income that is included at label B.
Premiums – exempt life insurance policies
Write at label B the total amount of gross premiums received from exempt life insurance policies.
Continue to: 2 Assessable income
Return to: Instructions life insurance companies taxation schedule 2024