Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-35 - INSURANCE BUSINESS  

View history reference

 View history note

 Hide history note

History

Part 3-35 heading amended by No 169 of 2001.

Part 3-35 inserted by No 89 of 2000.

Division 320 - Life insurance companies  

View history reference

 View history note

 Hide history note

History

Div 320 inserted by No 89 of 2000.

Subdivision 320-I - Transfers of business  

View history reference

 View history note

 Hide history note

History

Subdiv 320-I inserted by No 23 of 2005.

Guide to Subdivision 320-I

SECTION 320-300   What this Subdivision is about  

View history reference

This Subdivision contains special rules that apply when all or part of the life insurance business of a life insurance company is transferred to another life insurance company under the Life Insurance Act 1995 or the Financial Sector (Transfer and Restructure) Act 1999 .

 View history note

 Hide history note

History

S 320-300 amended by No 10 of 2018, s 3 and Sch 7 item 5, by substituting " Financial Sector (Transfer and Restructure) Act 1999 " for " Financial Sector (Business Transfer and Group Restructure) Act 1999 " , effective 5 March 2018.

S 320-300 amended by No 117 of 2007, s 3 and Sch 3 item 10, by substituting " Financial Sector (Business Transfer and Group Restructure) Act 1999 " for " Financial Sector (Transfers of Business) Act 1999 " , applicable in relation to restructure instruments that come into force under the Financial Sector (Business Transfer and Group Restructure) Act 1999 on or after 1 July 2007.

S 320-300 inserted by No 23 of 2005.

TABLE OF SECTIONS

TABLE OF SECTIONS

Operative provisions
320-305	When this Subdivision applies
320-310	Special deductions and amounts of assessable income
320-315	Complying superannuation asset pool and segregated exempt assets
320-320	Certain amounts treated as life insurance premiums
320-325	Friendly societies
320-330	Immediate annuities
320-335	Parts of assets treated as separate assets
320-340	Continuous disability policies
320-345	Exemption of management fees

Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited

CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.

The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.