Taxation Ruling
IT 2492W - Notice of Withdrawal
Income tax : eligible annuities and eligible policies - unreasonable deferral of annuity income
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Please note that the PDF version is the authorised version of this withdrawal notice.
Notice of Withdrawal
Taxation Ruling IT 2492 is withdrawn with effect from today.
1. IT 2492 deals with the former legislative provisions that govern the taxation treatment of life insurers and registered organisations (such as friendly societies) in section 27A and sections 110, 112A, 116E, 116F and 116G of Division 8 and 8A of Part III of the Income Tax Assessment Act 1936.
2. These provisions have been repealed and there are new provisions contained in Division 320 of the Income Tax Assessment Act 1997.
3. IT 2492 has no ongoing relevance and is therefore withdrawn without replacement.
Commissioner of Taxation
5 April 2017
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