Treasury Laws Amendment (Support for Small Business and Charities and Other Measures) Act 2024 (52 of 2024)
Schedule 6 Income tax amendments for updates to accounting standards for general insurance contracts
Part 2 Other amendments
Income Tax Assessment Act 1997
18 Paragraph 713-710(a)
Omit "the outstanding claims liability of a *general insurance company", substitute "a *general insurance company's adjusted *liability for incurred claims".
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