145
CurrentDeduction of premiums
Volume 3Part III, Division 10E to Part VA, Division 8 (sections 124ZM to 204)
Part IIILiability to taxation
Division 15Insurance with non‑residents
145 Deduction of premiums
Notwithstanding any other provision of this Act, no such premium shall be an allowable deduction to the insured person unless arrangements have been made to the satisfaction of the Commissioner for the payment of any income tax which has been or may be assessed in respect of that premium.
This Act’s bill:Second reading speech
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