Income Tax Assessment Act 1997
View history note
Hide history noteSECTION 322-20 What this Subdivision is about
This Act applies to a payment of an entitlement under Part VC (Financial claims scheme for policyholders with insolvent general insurers) of the Insurance Act 1973 as if the payment were made by the insurer under the insurance policy concerned.
Disregard a capital gain or loss from:
| Operative provisions | |
| 322-25 | Payment of entitlement under financial claims scheme treated as payment from insurer |
| 322-30 | Disposal of rights against insurer to APRA and meeting of financial claims scheme entitlement have no CGT effects |
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