Insurance Protection Tax Act 2001 No 40
Current version for 28 June 2010 to date (accessed 23 December 2014 at 04:01)
Part 5Section 28

28   Transitional—State Revenue Legislation Further Amendment Act 2005

(1)  The amendment made to this Act by the State Revenue Legislation Further Amendment Act 2005 applies in respect of an assessment, or reassessment, of liability for tax imposed by this Act that is made for the year commencing 1 July 2006 or any subsequent year.
(2)  For that purpose, a reference in this Act to premiums received for or in relation to general insurance in the year preceding the year commencing 1 July 2006, in connection with an assessment or reassessment of liability for the tax imposed by this Act for the year commencing 1 July 2006, does not include premiums received for or in relation to insurance that is exempt insurance as a consequence of the amendments made to this Act by the State Revenue Legislation Further Amendment Act 2005.
(3)  This Act, as in force immediately before the amendment made to this Act by the State Revenue Legislation Further Amendment Act 2005, continues to apply in respect of an assessment, or reassessment, of liability for tax imposed by this Act that is made in respect of a year before the year commencing 1 July 2006.
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