Commonwealth Consolidated Acts

INCOME TAX (TRANSITIONAL PROVISIONS) ACT 1997 - SECT 320.100

    If:

  (a)   a life insurance company has a tax loss for an income year ending before 1   July 2000; and

  (b)   all or a part of that tax loss is carried forward to the income year that includes that date;

so much of that tax loss as is so carried forward has effect as if it were a tax loss of the ordinary class.

Table of sections

320 - 170   Transfer of part of an asset to a virtual PST

320 - 175   Transfers of assets to virtual PST

320 - 180   Deferred annuities purchased before 1   July 2007