Income Tax Assessment Act 1997
View history note
Hide history noteSECTION 320-87 Deduction for assets transferred from or to complying superannuation asset pool 320-87(1)
A *life insurance company can deduct the *transfer values of assets that are transferred by the company in the income year from a *complying superannuation asset pool under subsection 320-180(1) or 320-195(3) .
320-87(2)
A *life insurance company can deduct the *transfer values of assets that are transferred by the company in the income year to a *complying superannuation asset pool under subsection 320-180(3) or 320-185(1) .
320-87(3)
If an asset (other than money) is transferred by a *life insurance company:
(a) from a *complying superannuation asset pool under subsection 320-180(1) or 320-195(2) or (3); or
(b) to a complying superannuation asset pool under subsection 320-180(3) or section 320-185 ;
the company can deduct the amount (if any) that it can deduct because of section 320-200 .
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