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
8 Paragraph 321-50(a)
Omit "unearned premium reserve", substitute "adjusted *liability for remaining coverage under *general insurance policies".
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