CTHIn ForceAct
Income Tax Assessment Act 1997
15‑30 Insurance or indemnity for loss of15‑30 Insurance or indemnity for loss of assessable income
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#### 15‑30 Insurance or indemnity for loss of assessable income
Your assessable income includes an amount you receive by way of insurance or indemnity for the loss of an amount (the lost amount) if:
(a) the lost amount would have been included in your assessable income; and
(b) the amount you receive is not assessable as \*ordinary income under section 6‑5.