Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 320.305

    The rules in this Subdivision have effect if all or part of the * life insurance business of a * life insurance company (the originating company ) is transferred to another life insurance company (the recipient company ):

  (a)   in accordance with a scheme confirmed by the Federal Court of Australia under Part   9 of the Life Insurance Act 1995 ; or

  (b)   under the Financial Sector (Transfer and Restructure) Act 1999 .