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-B
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Premium income of general insurance companies
SECTION 321-45
321-45
Assessable income to include gross premiums
A *general insurance company's assessable income for the *current year includes the gross premiums received by the company during the current year in respect of *general insurance policies.
View history note
Hide history noteA *general insurance company's assessable income for the *current year includes the gross premiums received by the company during the current year in respect of *general insurance policies.
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