Income Tax Assessment Act 1997
CHAPTER 3
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SPECIALIST LIABILITY RULES
PART 3-90
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CONSOLIDATED GROUPS
Division 713
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Rules for particular kinds of entities
Subdivision 713-L
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Life insurance companies
Guide to Subdivision 713-L
SECTION 713-500 What this Subdivision is about
(a) a life insurance company that becomes, or ceases to be, a member of a consolidated group; and
(b) the head company of a consolidated group where a life insurance company is a subsidiary member of the group.
View history note
Hide history noteSECTION 713-500 What this Subdivision is about
This Subdivision sets out special rules for:
| General modifications for life insurance companies | |
| 713-505 | Head company treated as a life insurance company |
| 713-510 | Certain subsidiaries of life insurance companies cannot be members of consolidated group |
| 713-510A | Disregard single entity rule in working out certain amounts in respect of life insurance company |
| Life insurance companies ' liabilities on joining consolidated group | |
| 713-511 | Treatment of certain liabilities for income year when life insurance company joins consolidated group |
| Tax cost setting rules for life insurance companies joining consolidated group | |
| 713-515 | Certain assets taken to be retained cost base assets where life insurance company joins group |
| 713-520 | Valuing certain liabilities where life insurance company joins group |
| 713-525 | Obligation to value certain assets and liabilities at joining time |
| Losses of life insurance companies joining consolidated group | |
| 713-530 | Treatment of certain losses of life insurance company |
| Losses of life insurance companies ' subsidiaries joining consolidated group | |
| 713-535 | Losses of entities whose membership interests are complying superannuation assets of life insurance company |
| 713-540 | Losses of entities whose membership interests are segregated exempt assets of life insurance company |
| Imputation rules for life insurance companies joining consolidated group | |
| 713-545 | Treatment of franking surplus in franking account of life insurance subsidiary joining group |
| 713-550 | Treatment of head company ' s franking account after joining |
| [ Annuity payable by life insurance company to another member of a consolidated group] | |
| 713-553 | (Repealed by No 56 of 2010) |
| 713-555 | (Repealed by No 56 of 2010) |
| 713-560 | (Repealed by No 56 of 2010) |
| Liabilities for life insurance companies leaving consolidated group | |
| 713-565 | Treatment of certain liabilities for income year when life insurance company leaves consolidated group |
| Losses for life insurance companies leaving consolidated group | |
| 713-570 | Certain losses transferred to leaving company |
| Tax cost setting rules for life insurance companies leaving consolidated group | |
| 713-575 | Terminating value of certain assets where life insurance company leaves group |
| 713-580 | Valuing certain liabilities where life insurance company leaves group |
| 713-585 | Obligation to value certain assets and liabilities at leaving time |
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