Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 320.300

This Subdivision contains special rules that apply when all or part of the life insurance business of a life insurance company is transferred to another life insurance company under the Life Insurance Act 1995 or the Financial Sector (Transfer and Restructure) Act 1999 .

Table of sections

Operative provisions

320 - 305   When this Subdivision applies

320 - 310   Special deductions and amounts of assessable income

320 - 315   Complying superannuation asset pool and segregated exempt assets

320 - 320   Certain amounts treated as life insurance premiums

320 - 325   Friendly societies

320 - 330   Immediate annuities

320 - 335   Parts of assets treated as separate assets

320 - 340   Continuous disability policies

320 - 345   Exemption of management fees