Document ID: chunk:federal_register_of_legislation:C2025C00014:section:148:p3
Version: federal_register_of_legislation:C2025C00014
Segment Type: section
Provision Reference: s 148 (pt 3/3)
Character Range: 1321130–1321916

the premium in that person's representative capacity immediately before it was so paid or credited; and
 (b) if that person pays or credits the premium before arrangements have been made to the satisfaction of the Commissioner for the payment of any tax which may be assessed in respect of that premium, that person shall be personally liable to pay that tax.

Application to a life assurance company
 (10) This section applies to a life assurance company in relation to the whole or a part of a risk if, and only if, the risk or that part of the risk:
 (a) is covered by a disability policy as defined in subsection 995‑1(1) of the Income Tax Assessment Act 1997; and
 (b) relates to a benefit that is payable in an event mentioned in that definition.

Division 16—Averaging of incomes