INCOME TAX ASSESSMENT ACT 1997 - SECT 320.130 What this Subdivision is about
INCOME TAX ASSESSMENT ACT 1997 - SECT 320.130
What this Subdivision is aboutThis Subdivision explains how a life insurance company's income tax is worked out.
For that purpose, this Subdivision enables a life insurance company to have taxable incomes and tax losses of the following classes:
• the complying superannuation class;
• the ordinary class.