Tax Laws Amendment (2004 Measures No. 7) Act 2005 (41 of 2005)

Schedule 6   Consolidation

Part 5   Insurance companies

Income Tax Assessment Act 1997

17   At the end of section 67-25

Add:

Life insurance company's subsidiary joining consolidated group

(5) The *tax offset available under subsection 713-545(5) is subject to the refundable tax offset rules.