Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 320.110

  (1)   A * life insurance company that is a * friendly society can deduct interest credited in the income year to the holders of * income bonds issued after 31   December 2002 where the interest accrued on or after 1   January 2003.

  (2)   This section has effect despite subsection   320 - 80(3).