Income Tax (Exemption and Concessionary Tax Rate for Income from Life Insurance Business) Regulations

  Table of Contents

1 Citation

2 Definitions

2A Application

3 Approval of insurer

3AA Previously approved insurers

3A Approval of captive insurer

3B (Deleted)

4 Concessionary rate of tax for income derived before 1 July 2021 of approved insurer

4A Concessionary rate of tax for income derived on or after 1 July 2021 of approved insurer

5 Calculation of dividends, interest and gains from sale of offshore investments for approved insurer

5A Income derived before 1 July 2021 of approved captive insurer exempt from tax

5B Determination of income exempted from tax

5C Income derived on or after 1 July 2021 of approved captive insurer exempt from tax

5D Determination of exempt income of approved captive insurer derived on or after 1 July 2021

6 Apportionment of expenses, allowances and donations in respect of income derived before 1 July 2021

6A Apportionment of expenses, allowances and donations in respect of income derived on or after 1 July 2021

7 Apportionment of income between policyholders and shareholders

  Legislative History