Commonwealth Consolidated Acts Commonwealth Consolidated ActsThis Act applies to a payment of an entitlement under Part VC (Financial claims scheme for policyholders with insolvent general insurers) of the Insurance Act 1973 as if the payment were made by the insurer under the insurance policy concerned.
Disregard a capital gain or loss from:
(a) the disposal to APRA under that Part of rights against the insurer under an insurance policy; or
Table of sections
Operative provisions
322 - 25 Payment of entitlement under financial claims scheme treated as payment from insurer
322 - 30 Disposal of rights against insurer to APRA and meeting of financial claims scheme entitlement have no CGT effects