CTHIn ForceLegislation
Financial Sector (Collection of Data) (reporting standard) determination No. 66 of 2023
Tax benefitTax benefit
Start here
Get a plain-English read of Tax benefit
Turn the raw legal text into a practical explanation grounded in Financial Sector (Collection of Data) (reporting standard) determination No. 66 of 2023.
Tax benefit
Unlike Level 1 insurers, Level 2 insurance groups can rely on tax benefits of other entities within the Level 2 insurance group. However, a Level 2 insurance group cannot recognise tax benefits whose value is contingent on the tax benefits being used by entities outside the Level 2 insurance group.