Income Tax (Transitional Provisions) Act 1997
View history note
Hide history noteIf:
(a) a life insurance company has a tax loss for an income year ending before 1 July 2000; and
(b) all or a part of that tax loss is carried forward to the income year that includes that date;
so much of that tax loss as is so carried forward has effect as if it were a tax loss of the ordinary class.
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