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
4 Paragraph 321-15(a)
Repeal the paragraph, substitute:
(a) the value, at the end of the current year, of the company's adjusted *liability for incurred claims under *general insurance policies; exceeds
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).
