Taxation Ruling

IT 2546A - Addendum

Income tax: implications of discount of premium arrangements by insurance companies

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FOI status:

NOTICE OF ADDENDUM

This Addendum amends Taxation Ruling IT 2546, in relation to the 1997-98 or a later income year, as follows:

1. At Paragraph 3

Omit 'section 19 of the Income Tax Assessment Act 1936'; substitute 'subsection 6-5(4) of the Income Tax Assessment Act 1997 (formerly section 19 of the Income Tax Assessment Act 1936)'.

2. At the Legislative References

Omit '19'; substitute 'ITAA 1997 6-5(4)'.

Commissioner of Taxation
18 August 1999

References

ATO references:
NO NAT 99/10494-5

Related Rulings/Determinations:

IT 2546