INCOME TAX ASSESSMENT ACT 1997 - SECT 320.100 Deduction for life insurance premiums paid under certain contracts of reinsurance

INCOME TAX ASSESSMENT ACT 1997 - SECT 320.100

    A * life insurance company can deduct amounts that:

  (a)   were paid by the company in the income year as * life insurance premiums under * contracts of reinsurance; and

  (b)   do not relate to a risk, or part of a risk, in relation to which subsection   148(1) of the Income Tax Assessment Act 1936 applies.