INCOME TAX ASSESSMENT ACT 1936 - SECT 145 Deduction of premiums
INCOME TAX ASSESSMENT ACT 1936 - SECT 145
Deduction of premiums Notwithstanding any other provision of this Act, no such premium
shall be an allowable deduction to the insured person unless arrangements have
been made to the satisfaction of the Commissioner for the payment of any
income tax which has been or may be assessed in respect of that premium.