Document ID: chunk:federal_register_of_legislation:C2025C00029:section:3:p2
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 3 (pt 2/2)
Character Range: 4660842–4661490

sums will contain an element untaxed in the fund: see section 307‑290.

295‑465  Complying funds—deductions for insurance premiums

Deductions for insurance premiums
 (1) A *complying superannuation fund can deduct the proportions specified in this table of premiums it pays for insurance policies that are (wholly or partly) for current or contingent liabilities of the fund to provide benefits referred to in section 295‑460 for its members. It can deduct the amounts for the income year in which the premiums are paid.

Deductions of *complying superannuation funds
Item                                           The fund can deduct this amount: