Income Tax Assessment Act 1997
CHAPTER 3
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SPECIALIST LIABILITY RULES
PART 3-35
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INSURANCE BUSINESS
Division 321
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General insurance companies and companies that self-insure in respect of workers
'
compensation liabilities
Subdivision 321-A
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Provision for, and payment of, claims by general insurance companies
SECTION 321-25
321-25
Deduction for claims paid during current year
A *general insurance company can deduct for the *current year amounts paid during that year in respect of claims under *general insurance policies.
View history note
Hide history noteA *general insurance company can deduct for the *current year amounts paid during that year in respect of claims under *general insurance policies.
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