Statute
Section 145 — Income Tax Assessment Act 1936: Deduction of premiums
Text of the provision Official document
Notwithstanding any other provision of this Act, no such premium shall be an allowable deduction to the insured person unless arrangements have been made to the satisfaction of the Commissioner for the payment of any income tax which has been or may be assessed in respect of that premium.
Official source: Federal Register of Legislation
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