Document ID: chunk:federal_register_of_legislation:C2010C00184:clause:5_15
Version: federal_register_of_legislation:C2010C00184
Segment Type: clause
Provision Reference: sch 5 cl 15
Character Range: 135908–136365

15  Subsection 307‑290(1) (note)
Repeal the note, substitute:

Note 1: Those sections allow deductions for insurance premiums that have been paid, and for liability for future benefits.

Note 2: Deductions made under former section 279 or 279B of the Income Tax Assessment Act 1936 are treated for the purposes of this section as having been made under section 295‑465 or 295‑470 (see section 307‑290 of the Income Tax (Transitional Provisions) Act 1997).