Tax Laws Amendment (2004 Measures No. 2) Act 2004 (83 of 2004)
Schedule 1 Life insurance companies
Part 7 Amendments commencing on Royal Assent
Income Tax Assessment Act 1997
124 Subsection 995-1(1) (definition of Valuation Standard )
Repeal the definition, substitute:
Valuation Standard means any actuarial standard that:
(a) provides for a valuation of the policy liabilities mentioned in subsection 114(2) of the Life Insurance Act 1995; and
(b) is in force under that Act.
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