• Specific Year
    Any

INCOME TAX ASSESSMENT ACT 1936 - SECT 121 Mutual insurance associations

INCOME TAX ASSESSMENT ACT 1936 - SECT 121

Mutual insurance associations

  (1)   An association of persons formed for the purpose of insuring those persons against loss, damage or risk of any kind is taken, for the purposes of this Act, to be a company carrying on the business of insurance.

  (2)   The assessable income of such a company includes all premiums derived by it, whether from its members or not.

Subdivision   A -- What this Division   is about

Download

No downloadable files available