Write at label L the taxable income or loss in the ordinary class. For a consolidated group, this is the taxable income or loss in the ordinary class for all members of the consolidated group.
If the life insurance company has a tax loss in the ordinary class, print X in the box at label L.
Write at label M the taxable income or loss in the complying superannuation class (that is, label G minus label K).
If the life insurance company has a tax loss in the complying superannuation class, print X in the box at label M.
Continue to: Items 5 to 6 and the taxpayer declaration
Return to: Instructions life insurance companies taxation schedule 2024