Taxation Determination TD 92/145







This Determination, to the extent that it is capable of being a 'public ruling' in terms of Part IVAAA of the Taxation Administration Act 1953, is a public ruling for the purposes of that Part. Taxation Ruling TR 92/1 explains when a Determination is a public ruling and how it is binding on the Commissioner. Unless otherwise stated, the Determination applies to transactions entered into both before and after its date of issue. | 1. No. Providing the replacement policy merely reflects the change of name of the life assurance company liable under the policy, and the original contractual terms are otherwise unaltered, the 'date of commencement of risk' of the policy (as defined in subsection 26AH(1)), does not recommence. | Commissioner of Taxation 20/08/92


Related rulings: TD 92/144 IT 2346
Legislative references: ITAA 26AH(1)
Subject references: Life assurance companies definition: date of commencement of risk of a policy