Tax Laws Amendment (2004 Measures No. 2) Act 2004 (83 of 2004)
Schedule 1 Life insurance companies
Part 1 Amendments commencing on 30 June 2000
Income Tax Assessment Act 1997
73 Subsection 995-1(1)
Insert:
ordinary investment policy means a *life insurance policy that is not:
(a) a *virtual PST life insurance policy; or
(b) an *exempt life insurance policy; or
(c) a policy that provides for *participating benefits or *discretionary benefits; or
(d) a policy (other than a *funeral policy) under which amounts are to be paid only on the death or disability of a person.
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