New Business Tax System (Consolidation and Other Measures) Act 2003 (16 of 2003)

Schedule 6   Consolidation: life insurance companies

Part 2   Consequential amendments

Income Tax Assessment Act 1997

8   Subsection 995-1(1)

Insert:

net investment component of ordinary life insurance policies has the meaning given by subsection 713-515(4).


Copyright notice

© Australian Taxation Office for the Commonwealth of Australia

You are free to copy, adapt, modify, transmit and distribute material on this website as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).