Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 322.1

This Division sets out special measures to assist in the rescue package provided in response to the collapse of the HIH group and deals with the tax treatment of entitlements under Part   VC (Financial claims scheme for policyholders with insolvent general insurers) of the Insurance Act 1973 .

Table of sections

322 - 5   Rescue payments treated as insurance payments by HIH

322 - 10   HIH Trust exempt from tax

322 - 15   Certain capital gains and capital losses disregarded