Tax and Superannuation Laws Amendment (2014 Measures No. 7) Act 2015 (21 of 2015)

Schedule 3   CGT exemption for compensation and insurance

Income Tax Assessment Act 1997

4   Subsection 118-300(1) (table item 3)

Repeal the item, substitute:


A policy of insurance on the life of an individual or an *annuity instrument

the original owner of the policy or instrument (other than the trustee of a *complying superannuation entity)