New Business Tax System (Consolidation and Other Measures) Act 2003 (16 of 2003)

Schedule 6   Consolidation: life insurance companies

Part 2   Consequential amendments

Income Tax Assessment Act 1997

7   At the end of subsection 705-70(1)

Add:

Note: Certain liabilities of a life insurance company are worked out under Subdivision 713-L: see section 713-520.