Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 320.100

Deduction for life insurance premiums paid under certain contracts of reinsurance

                   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.



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