Tax Laws Amendment (2011 Measures No. 4) Act 2011 (43 of 2011)

Schedule 3   Disability superannuation benefits

Part 1   Deductible percentage of insurance premiums

Division 1   Deductions for insurance premiums

Income Tax Assessment Act 1997

3   After subsection 295-465(3)

Insert:

(3A) Subsection (3) does not apply to an amount referred to in item 6 of the table in relation to an insurance policy premium, if the trustee deducts, under that item, only the proportion (if any) of the premium specified in the regulations made for the purposes of subsection (1B).