Income Tax Assessment Act 1997
View history note
Hide history noteSECTION 295-475 295-475 RSA providers - deductions for insurance premiums
An *RSA provider can deduct premiums it pays for insurance policies that are wholly for its liability to provide benefits referred to in section 295-460 for its *RSA holders. It can deduct the amounts for the income year in which the premiums are paid.
Note:
If the RSA provider receives a rebate or refund of an insurance premium, the amount may be included in its assessable income: see table item 5 in section 295-320 .
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