Income Tax Assessment Act 1997
View history note
Hide history noteSECTION 320-330 320-330 Immediate annuities
For the purposes of section 320-246 , a *life insurance policy that provides for an *immediate annuity issued by the recipient company in substitution for a policy (also the original policy ) transferred from the originating company is taken to have been issued at the time the original policy was issued if the terms of the substituted policy are not materially different from those of the original policy.
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