Section CR 1 — Income Tax Act 2007: Policyholder base income of life insurer

CR 1 Policyholder base income of life insurer If, but for this section, a life insurer has an amount of policyholder base income for an income year, and that amount is not income under this Part, the amount is income of the life insurer for the income year. Defined in this Act: amount , income , income year , life insurer , policyholder base income Section CR 1: substituted, on 1 July 2010, by section 33(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).