Legislation

ITAA 1997 s 6(b) of this Product Ruling resulting from the payment to them under an EIB of a (i) Surrender Value or part surrender benefit upon total or part surrender of their EIB, or (ii) Death Benefit upon the death of the Relevant Life Assured (where the Policyholder is not a life assured) (m) Any capital gain or capital loss made by the nominated beneficiary or the deceased estate of a Policyholder, as applicable, resulting from the payment to them under an EIB of the Death Benefit upon the death of the Policyholder (as the Relevant Life Assured) is disregarded pursuant to table item 4 of subsection 118-300(1)

ATO documents that consider ITAA 1997 s 6(b) of this Product Ruling resulting from the payment to them under an EIB of a (i) Surrender Value or part surrender benefit upon total or part surrender of their EIB, or (ii) Death Benefit upon the death of the Relevant Life Assured (where the Policyholder is not a life assured) (m) Any capital gain or capital loss made by the nominated beneficiary or the deceased estate of a Policyholder, as applicable, resulting from the payment to them under an EIB of the Death Benefit upon the death of the Policyholder (as the Relevant Life Assured) is disregarded pursuant to table item 4 of subsection 118-300(1)