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INCOME TAX ASSESSMENT ACT 1997 - SECT 320.65 Deduction for life insurance premiums in respect of life insurance policies that provide for participating or discretionary benefits

INCOME TAX ASSESSMENT ACT 1997 - SECT 320.65

Deduction for life insurance premiums in respect of life insurance policies that provide for participating or discretionary benefits

    A * life insurance company can deduct the amounts of * net premiums received in respect of * life insurance policies (other than * complying superannuation life insurance policies or * exempt life insurance policies) that provide for * participating benefits or * discretionary benefits.