Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-35 - INSURANCE BUSINESS  

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

Part 3-35 inserted by No 89 of 2000.

Division 321 - General insurance companies and companies that self-insure in respect of workers ' compensation liabilities  

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Div 321 inserted by No 79 of 2010 , s 3 and Sch 5 item 2, applicable to the first income year starting on or after 1 July 2010 and later income years.

Subdivision 321-C - Companies that self-insure in respect of workers ' compensation liabilities  

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Subdiv 321-C inserted by No 79 of 2010 , s 3 and Sch 5 item 2, applicable to the first income year starting on or after 1 July 2010 and later income years.

SECTION 321-95  

321-95   Deductions for claims paid during current year  
A company that is not required by law to insure, and does not insure, against liability for workers' compensation claims can deduct for the *current year amounts paid during that year in respect of such claims.

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S 321-95 inserted by No 79 of 2010 , s 3 and Sch 5 item 2, applicable to the first income year starting on or after 1 July 2010 and later income years.

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