Income Tax Assessment Act 1997
View history note
Hide history noteSECTION 320-50 What this Subdivision is about
This Subdivision specifies particular deductions that are available to a life insurance company, specifies particular amounts that a life insurance company cannot deduct and contains provisions relating to a life insurance company ' s capital losses.
| Operative provisions | |
| 320-55 | Deduction for life insurance premiums where liabilities under life insurance policies are to be discharged from complying superannuation assets |
| 320-60 | Deduction for life insurance premiums where liabilities under life insurance policies are to be discharged from segregated exempt assets |
| 320-65 | Deduction for life insurance premiums in respect of life insurance policies that provide for participating or discretionary benefits |
| 320-70 | No deduction for life insurance premiums in respect of certain life insurance policies payable only on death or disability |
| 320-75 | Deduction for ordinary investment policies |
| 320-80 | Deduction for certain claims paid under life insurance policies |
| 320-85 | Deduction for increase in value of liabilities under net risk components of life insurance policies |
| 320-87 | Deduction for assets transferred from or to complying superannuation asset pool |
| 320-100 | Deduction for life insurance premiums paid under certain contracts of reinsurance |
| 320-105 | Deduction for assets transferred to segregated exempt assets |
| 320-107 | (Repealed by No 81 of 2016) |
| 320-110 | Deduction for interest credited to income bonds |
| 320-111 | Deduction for funeral policy payout |
| 320-112 | Deduction for scholarship plan payout |
| 320-115 | No deduction for amounts credited to RSAs |
| 320-120 | Capital losses from assets other than complying superannuation assets or segregated exempt assets |
| 320-125 | Capital losses from complying superannuation assets |
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