Taxation Laws Amendment Act (No. 1) 2004 (101 of 2004)

Schedule 11   Technical amendments

Part 4   Amendments commencing on 1 July 2000

Division 1   Mutual life assurance company definition

Income Tax Assessment Act 1936

44   Subsection 6(1) (definition of mutual life assurance company )

Repeal the definition, substitute:

mutual life assurance company means a life assurance company the profits of which are divisible only among the policy holders.