Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 320.165

This Subdivision explains how a life insurance company can segregate assets (to be known as a complying superannuation asset pool ) to be used for the sole purpose of discharging its complying superannuation liabilities.

Table of sections

Operative provisions

320 - 170   Establishment of complying superannuation asset pool

320 - 175   Valuations of complying superannuation assets and complying superannuation liabilities for each valuation time

320 - 180   Consequences of a valuation under section   320 - 175

320 - 185   Transfer of assets to complying superannuation asset pool otherwise than as a result of a valuation under section   320 - 175

320 - 190   Complying superannuation liabilities

320 - 195   Transfer of assets and payment of amounts from a complying superannuation asset pool otherwise than as a result of a valuation under section   320 - 175

320 - 200   Consequences of transfer of assets to or from complying superannuation asset pool