Commonwealth Consolidated Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

INCOME TAX ASSESSMENT ACT 1997 - SECT 321.25

Deduction for claims paid during current year

    A * general insurance company can deduct for the * current year amounts paid during that year in respect of claims under * general insurance policies.

Table of sections

321 - 45   Assessable income to include gross premiums

321 - 50   Assessable income to include amount for reduction in value of unearned premium reserve

321 - 55   Deduction for increase in value of unearned premium reserve

321 - 60   How value of unearned premium reserve is worked out


AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback