Taxation Determination TD 92/165







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, this Determination applies to years commencing both before and after its date of issue. | 1. No. Section 279 of the Income Tax Assessment Act 1936 only allows a complying superannuation fund to claim a deduction for the cost of providing death and disability cover for members of a complying superannuation fund. A life assurance company cannot be a complying superannuation fund and is therefore unable to claim a deduction under section 279. | Commissioner of Taxation 01/10/92


Legislative references: ITAA 279
Subject references: life assurance companies; complying superannuation funds; death and disability cover