ITAA 1997 s of a Death Benefit or Accidental Death Benefit under the VUL are legally enforceable rights and therefore a CGT asset according to the definition in subsection 108-5(1)
ATO documents that consider ITAA 1997 s of a Death Benefit or Accidental Death Benefit under the VUL are legally enforceable rights and therefore a CGT asset according to the definition in subsection 108-5(1)