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 1 Main amendments
Income Tax Assessment Act 1997
2 Paragraph 321-10(a)
Repeal the paragraph, substitute:
(a) the value, at the end of the previous income year, of the company's adjusted *liability for incurred claims under *general insurance policies; exceeds
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