Document ID: chunk:federal_register_of_legislation:C2025C00029:section:3:p54
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 3 (pt 54/79)
Character Range: 4975104–4977943

and
 (db) the transfer values of assets transferred by the company to a complying superannuation asset pool under subsection 320‑180(3) or 320‑185(1); and
 (e) if an asset (other than money) is transferred from or to a complying superannuation asset pool under subsection 320‑180(1) or (3), to a complying superannuation asset pool under section 320‑185 or from a complying superannuation asset pool under subsection 320‑195(2) or (3)—the amount (if any) that is included in the company's assessable income of the income year in which the asset was transferred because of section 320‑200; and
 (f) the transfer values of assets transferred by the company from the company's *segregated exempt assets under subsection 320‑235(1) or 320‑250(2); and
 (g) if an asset (other than money) is transferred to the company's segregated exempt assets under subsection 320‑235(3) or section 320‑240—the amount (if any) that is included in the company's assessable income because of section 320‑255; and
 (h) subject to subsection (2), if the *value, at the end of the income year, of the company's liabilities under the *net risk components of life insurance policies is less than the value, at the end of the previous income year, of those liabilities—an amount equal to the difference; and
Note: Where the value at the end of the income year exceeds the value at the end of the previous income year, the excess can be deducted: see section 320‑85.
 (i) amounts specified in agreements under section 295‑260; and
 (j) *specified roll‑over amounts paid to the company; and
 (ja) amounts imposed by the company in respect of risk riders for *ordinary investment policies in an income year in which the company did not receive any life insurance premiums for those policies; and
 (k) fees and charges (not otherwise included in, or taken into account in working out, the company's assessable income) imposed by the company in respect of life insurance policies; and
 (l) if the company is an *RSA provider—contributions made to *RSAs provided by the company that would be included in the company's assessable income under Subdivision 295‑C if that Subdivision applied to the company.
 (2) Paragraph (1)(h) does not cover any liabilities under:
 (a) a *life insurance policy that provides for *participating benefits or *discretionary benefits; or
 (b) an *exempt life insurance policy; or
 (c) a *funeral policy.
 (3) An amount included in assessable income under paragraph (1)(i) is included for the income year of the *life insurance company that includes the last day of the transferor's income year to which the agreement referred to in section 295‑260 relates.

320‑30  Assessable income—special provision for certain income years
 (1) This section applies to a *life insurance company for each of the following income years (each a relevant income