Income Tax Regulations 1936 (Repealed)

Pt 3A repealed by SLI No 89 of 2007, reg 3 and Sch 1 item 3, effective 1 July 2007.

Pt 3A, comprising reg 14A - 14D, inserted by SR No 347 of 1990.

Reg 14C repealed by SLI No 89 of 2007, reg 3 and Sch 1 item 3, effective 1 July 2007. Reg 14C formerly read:

REGULATION 14C RISK COMPONENT: UNBUNDLED LIFE ASSURANCE POLICY  
14C(1)
The risk component of a premium received under an unbundled life assurance policy is:

(a) if expenses are not included in the mortality charge - the mortality charge plus so much of the expenses as the authorised actuary determines relate to the mortality charge; or

(b) if expenses are included in the mortality charge - the mortality charge.

14C(2)
In this regulation, an unbundled life assurance policy:

(a) means a policy where the premium consists of an identified mortality charge and identified investment contribution, whether or not expenses are treated separately; and

(b) does not include a term insurance policy.

Reg 14C inserted by SR No 347 of 1990.