Document ID: chunk:federal_register_of_legislation:C2010C00615:clause:2_23a
Version: federal_register_of_legislation:C2010C00615
Segment Type: clause
Provision Reference: sch 2 cl 23A
Character Range: 207920–208430

23A  Rates of tax payable by life insurance companies

  Subject to sections 23B and 23C, the rates of tax in respect of the taxable income of a life insurance company are:
 (a) in respect of the ordinary class:
 (i) for the 2000‑01 year of income—33% for a company that is a friendly society and 34% for any other life insurance company; and
 (ii) for all later years of income—30%; and
 (b) in respect of the complying superannuation class for the 2000‑01 year of income and all later years of income—15%.