Tax Laws Amendment (2004 Measures No. 2) Act 2004 (83 of 2004)

Schedule 1   Life insurance companies

Part 1   Amendments commencing on 30 June 2000

Income Tax Assessment Act 1997

47   At the end of section 320-200

Add:

(4) Subsection (3) does not apply in relation to an amount that the company can deduct under a provision in Division 42.