29 Mar 077 Deductibility of temporary disability insurance premiums under s 279 - TD 2007/3This final Taxation Determination was issued on 28 March 2007. It was previously issued as Taxation Determination TD 98/27. Its full title is "Income tax: is a deduction allowable to complying superannuation funds, under s 279 ITAA 1936, for insurance premiums attributable to the provision of benefits for members in the event of temporary disability longer than two years?" The answer given is Yes.
As a result of the issue of TD 2007/3, TD 98/27 is withdrawn with effect from 28 March 2007.
For a copy of TD 2007/3, go here
For a copy of TD 98/27W, go here