Document ID: chunk:federal_register_of_legislation:C2005C00443:clause:3_4
Version: federal_register_of_legislation:C2005C00443
Segment Type: clause
Provision Reference: sch 3 cl 4
Character Range: 73346–74256

4  Paragraph 448(1)(e)
Repeal the paragraph, substitute:
 (e) income consisting of premiums in respect of reinsurance, if:
 (i) the insurer whose risks are directly covered by the reinsurance was a Part X Australian resident at the time the policy was entered into; and
 (ii) the policy was not entered into in connection with a business carried on by the insurer at that time at or through a permanent establishment of the insurer in a listed or unlisted country;
 (f) income consisting of premiums in respect of reinsurance, if:
 (i) the insurer whose risks are directly covered by the reinsurance was not a Part X Australian resident at the time the policy was entered into; and
 (ii) the policy was entered into in connection with a business carried on by the insurer at that time at or through a permanent establishment of the insurer in Australia;
 (g) income of the company covered by subsection (1A).