INCOME TAX ASSESSMENT ACT 1997 - SECT 321.25 Deduction for claims paid during current year

INCOME TAX ASSESSMENT ACT 1997 - SECT 321.25

    A * general insurance company can deduct for the * current year amounts paid during that year in respect of claims under * general insurance policies.

Table of sections

321 - 45   Assessable income to include gross premiums

321 - 50   Assessable income to include amount for reduction in value of unearned premium reserve

321 - 55   Deduction for increase in value of unearned premium reserve

321 - 60   How value of unearned premium reserve is worked out