Commonwealth Consolidated Acts Commonwealth Consolidated ActsAn * RSA provider can deduct premiums it pays for insurance policies that are wholly for its liability to provide benefits referred to in section 295 - 460 for its * RSA holders. It can deduct the amounts for the income year in which the premiums are paid.
Note: If the RSA provider receives a rebate or refund of an insurance premium, the amount may be included in its assessable income: see table item 5 in section 295 - 320.