Treasury Laws Amendment (Support for Small Business and Charities and Other Measures) Act 2024 (52 of 2024)

Schedule 6   Income tax amendments for updates to accounting standards for general insurance contracts

Part 2   Other amendments

Income Tax Assessment Act 1997

21   Section 713-710 (note 2)

Omit "the unearned premium reserve of a general insurance company", substitute "a general insurance company's adjusted liability for remaining coverage".