s 320-100
In forceSavings—tax losses of previous income years
Chapter 3Specialist liability rules
Part 3-35Insurance business
Division 320Life insurance companies
Subdivision 320-DTaxable income and tax loss of life insurance companies
320-100 Savings—tax losses of previous income years
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.
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