At any label B - F use the Generic Schedule / Worksheet.
Label B - Complying superannuation/FHSA class
Show at label B the amount of taxable income of the complying superannuation class.
If the company is a life insurance company that is not a member of a consolidated group and has complying superannuation class tax losses carried forward to later income years or complying superannuation net capital losses carried forward to later income years, complete a current year Losses Schedule. Refer to the ATO Losses schedule instructions for the current income year.
Label C - Net capital gain, complying superannuation/FHSA class
Show at label C the amount of the net capital gain that accrued from the investment of complying superannuation assets.
Label D - Net capital gain, ordinary class
Show at label D the amount of the net capital gain that is included in the ordinary class of the taxable income of the company.
Label E - Gross assessable contributions
Show at label E the assessable contributions of complying superannuation funds that were transferred to the life insurance company under section 295-260 of the ITAA 1997 and are included in its assessable income of the company under sub-paragraph 320-15(1)(i).
Label F - Fees and charges
Show at label F the amount of all fees and charges included in assessable income.
Refer to Taxation Ruling TR2003/14 Income Tax: Life insurance companies: the actuarial determination of fees and charges.
CCH References
3-480 Tax regime for life insurance companies
3-515 Complying superannuation asset pools
3-535 Tax treatment of RSA business
