Tax Laws Amendment (Transfer of Provisions) Act 2010 (79 of 2010)
Schedule 5 General insurance
Part 2 Consequential amendments
Income Tax Assessment Act 1997
6 Section 10-5 (table item headed "general insurance")
Repeal the item, substitute:
|
general insurance companies and companies that self insure |
|
|
gross premiums |
321-45 |
|
reduction in value of outstanding claims liability |
321-10 and 321-80 |
|
reduction in value of unearned premium reserve |
321-50 |