Tax Laws Amendment (Transfer of Provisions) Act 2010 (79 of 2010)
Schedule 5 General insurance
Part 2 Consequential amendments
Income Tax Assessment Act 1997
7 Section 12-5 (table item headed "general insurance")
Repeal the item, substitute:
general insurance companies and companies that self insure |
|
claims paid |
321-25 and 321-95 |
increase in value of outstanding claims liability |
321-15 and 321-85 |
increase in value of unearned premium reserve |
321-55 |