Tax and Superannuation Laws Amendment (2014 Measures No. 7) Act 2015 (21 of 2015)
Schedule 3 CGT exemption for compensation and insurance
Income Tax Assessment Act 1997
4 Subsection 118-300(1) (table item 3)
Repeal the item, substitute:
|
3 |
A policy of insurance on the life of an individual or an *annuity instrument |
the original owner of the policy or instrument (other than the trustee of a *complying superannuation entity) |