Taxation Ruling

TR 95/5A - Addendum

Income tax: basis of assessment of reinsurance activities

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FOI status:

Addendum

This Addendum amends Taxation Ruling TR 95/5, in relation to the 1997-98 or a later income year, as follows:

Paragraph 2

(a)

Omit 'subsection 25(1) of the Income Tax Assessment Act 1936 (the Act)'; substitute 'section 6-5 of the Income Tax Assessment Act 1997 ('the 1997 Act') (formerly section 25(1) of the Income Tax Assessment Act 1936 (the 1936 Act))'.

(b)

Omit 'subsection 51(1) of the Act'; substitute 'section 8-1 of the 1997 Act' (formerly section 51(1) of the Income Tax Assessment Act 1936 (the 1936 Act))'.

Paragraph 9

•

Omit 'subsection 25(1)'; substitute 'section 6-5'.

Paragraph 10

•

Omit 'subsection 25(1)'; substitute 'section 6-5'.

Paragraph 15

•

Omit 'Subsection 25(1)'; substitute 'Section 6-5'.

Paragraph 22

•

Omit 'subsection 25(1)'; substitute 'section 6-5'.

Paragraph 23

•

Omit 'subsection 51(1)'; substitute 'section 8-1'.

Paragraph 26

•

Omit 'subsection 51(1)'; substitute 'section 8-1'.

Paragraph 31

•

Omit 'subsection 51(1)'; substitute 'section 8-1'.

Paragraph 58

•

Omit 'Subsection 25(1)'; substitute 'Section 6-5'.

Paragraph 72

•

Omit 'subsection 25(1)'; substitute 'section 6-5'.

•

Omit 'subsection 51(1)'; substitute 'section 8-1'.

Paragraph 77

•

Omit 'subsection 51(1)'; substitute 'section 8-1'.

Legislative references

•

Omit 'ITAA 25(1)'; substitute 'ITAA 1997 6-5'.

•

Omit 'ITAA 51(1)'; substitute 'ITAA 1997 8-1'.

Commissioner of Taxation
28 April 1999

References

ATO references:
NO 99/4295-5; 95/3219-6