Taxation Laws Amendment Act (No. 1) 1999 (16 of 1999)
Schedule 9 Average calculated liabilities of life assurance companies
Income Tax Assessment Act 1936
1 Subsection 110(1)
Insert:
significant event , in relation to any of the insurance funds maintained by a life assurance company, means any happening or circumstance that causes an abnormal change in the amount of the company's liabilities in respect of policies included in the fund concerned.
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