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
20 Section 713-710 (note 1)
Omit "the outstanding claims liability of a general insurance company", substitute "a general insurance company's adjusted liability for incurred claims".
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).
