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

3   Section 321-15 (heading)

Repeal the heading, substitute:

321-15 Deduction for increase in adjusted liability for incurred claims