Document ID: chunk:federal_register_of_legislation:C2010C00615:clause:2_114
Version: federal_register_of_legislation:C2010C00615
Segment Type: clause
Provision Reference: sch 2 cl 114
Character Range: 215755–216322

114  Subsection 45‑120(2A) in Schedule 1 (including the note)
Repeal the subsection and note, substitute:

 (2A) The instalment income of a *life insurance company for a period also includes:
 (a) any part of its *statutory income that is reasonably attributable to that period and is included in the *complying superannuation class of its taxable income for the income year that is or includes that period; and
 (b) any part of its statutory income (other than *net capital gains) that is included in the *ordinary class of its taxable income for that income year.