Document ID: chunk:federal_register_of_legislation:C2010C00648:clause:1_17
Version: federal_register_of_legislation:C2010C00648
Segment Type: clause
Provision Reference: sch 1 cl 17
Character Range: 22846–23618

17  Paragraph 320‑40(5)(b)
Repeal the paragraph, substitute:
 (b) so much of the sum of:
 (i) any amounts transferred to the virtual PST in the income year under subsection 320‑180(3) or 320‑185(1); and
 (ii) any of the amounts mentioned in paragraph (a) that are related to the company's liability to pay amounts on the death or disability of a person; and
 (iii) any of the amounts mentioned in paragraph (a) that are related to expenses incurred by the company in respect of policies that provide for *participating benefits or *discretionary benefits; and
 (iv) any of the amounts mentioned in paragraph (a) that are not covered by subparagraph (ii) or (iii) and are covered by subsection (5A);
  as does not exceed the sum of the amounts mentioned in paragraph (a).