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 1   Main amendments

Income Tax Assessment Act 1997

7   Section 321-50 (heading)

Repeal the heading, substitute:

321-50 Assessable income to include amount for reduction in adjusted liability for remaining coverage