Commonwealth Consolidated Regulations

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INCOME TAX ASSESSMENT REGULATIONS 1997 - REG 26.85.01

Borrowing costs on loans to pay life insurance premiums -- term insurance policy

                The risk component of a premium received in respect of:

                (a)    a term insurance policy; or

               (b)    a rider or supplementary benefit attached to another policy where the sum insured is payable on death within a specified term;

is the whole of the premium.


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