Document ID: chunk:federal_register_of_legislation:C2010C00599:clause:1_17
Version: federal_register_of_legislation:C2010C00599
Segment Type: clause
Provision Reference: sch 1 cl 17
Character Range: 8902–10594

17  Application of the Division

(1) Division 2A of Part 10 of the Life Insurance Act 1995 applies to an annuity or lump sum that is purchased under a structured settlement, or under a structured order, if the date of the settlement or order is the day on which that Division commences, or a later day.

(2) In subitem (1), structured settlement, structured order and date of the settlement or order have the same meanings as they have in Division 54 of the Income Tax Assessment Act 1997.
Notes to the Taxation Laws Amendment (Structured Settlements and Structured Orders) Act 2002

Note 1

The Taxation Laws Amendment (Structured Settlements and Structured Orders) Act 2002 as shown in this compilation comprises Act No. 139, 2002 amended as indicated in the Tables below.

Table of Acts
Act                                                                              Number     Date          Date of commencement                 Application, saving or transitional provisions
                                                                                 and year   of Assent
Taxation Laws Amendment (Structured Settlements and Structured Orders) Act 2002  139, 2002  19 Dec 2002   19 Dec 2002
Tax Laws Amendment (2010 Measures No. 2) Act 2010                                75, 2010   28 June 2010  Schedule 6 (item 104): 29 June 2010  —

Table of Amendments
ad. = added or inserted     am. = amended     rep. = repealed     rs. = repealed and substituted
Provision affected                                                                                How affected
S. 4....................                                                                          rep. No. 75, 2010