Notice of Withdrawal - Income tax: deductibility under subsection 295-465(1) of the Income Tax Assessment Act 1997 of premiums paid by a complying superannuation fund for an insurance policy providing Total and Permanent Disability cover in respect of its members

This draft Ruling is concerned with issues relating to the deductibility under subsection 295-465(1) of the Income Tax Assessment Act 1997 of premiums paid by a complying superannuation fund for insurance policies which provide total and permanent disability cover in respect of the fund's members.

Following the release of this draft Ruling, there has been a significant amendment to the relevant legislation with effect from 2011-2012 income year and later income years.

Draft Taxation Ruling TR 2011/D6 is being issued to include the Commissioner's view in relation to these amendments and to allow further community consultation and comment.