Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-35 - INSURANCE BUSINESS  

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History

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

Part 3-35 inserted by No 89 of 2000.

Division 322 - Assistance for policyholders with insolvent general insurers  

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Div 322 (heading) substituted by No 42 of 2009, s 3 and Sch 1 item 23, effective 23 June 2009. The heading formerly read:

Division 322 - HIH rescue package

Div 322 inserted by No 169 of 2001.

Subdivision 322-A - HIH rescue package  

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Subdiv 322-A (heading) inserted by No 42 of 2009, s 3 and Sch 1 item 25, effective 23 June 2009.

SECTION 322-10  

322-10   HIH Trust exempt from tax  

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The total *ordinary income and *statutory income of:

(a) the HIH Trust; and

(b) an entity prescribed for the purposes of this Division;

is exempt from income tax.

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S 322-10 inserted by No 169 of 2001.

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