Plain language law

New Zealand law explained for everyone

 Plain Language Law homepage
Back to
EY 34: Mortality profit formula: negative result
or “This rule about calculating life insurance profits no longer applies”
You could also call this:

“This section has been removed and no longer applies”

This part of the law has been removed. It used to explain how to work out the profit when something stops, but it’s not used anymore. The government took it out of the rules on 1 July 2010. If you need to know about this topic now, you should look at newer parts of the law.

This text is automatically generated. It might be out of date or be missing some parts. Find out more about how we do this.

Next up: EY 36: Discontinuance profit for income year

or “This section about profit when stopping business was removed from the tax law in 2010”
Next

Part E Timing and quantifying rules
Life insurance rules: Transitional adjustments and annuities

EY 35How discontinuance profit is calculated (Repealed)

    Notes
    • Section EY 35: repealed, on , by section 190(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).