Taxation Ruling
IT 2626W - Notice of Withdrawal
Income tax : commission income of insurance agents and brokers
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Please note that the PDF version is the authorised version of this withdrawal notice.
Notice of Withdrawal
Taxation Ruling IT 2626 is withdrawn with effect from today.
1. IT 2626 addresses the question of when commission income is derived by insurance agents and insurance brokers under the Insurance (Agents and Brokers) Act 1984 (IAB Act).
2. The IAB Act was repealed by the Financial Services Reform (Consequential Provisions) Act 2001, with effect from 11 March 2002.
3. Accordingly, IT 2626 is no longer current and is therefore withdrawn.
Commissioner of Taxation
25 January 2017
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