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EY 41: Discontinuance profit formulas: individual result may never be negative
or “Individual results in discontinuance profit calculations cannot be negative”
You could also call this:

“This section about calculating policyholder income is no longer in use”

You used to be able to find out how policyholder income is calculated in this part of the law. However, this section has been removed from the law. It’s no longer used since 1 July 2010. The government made this change when they updated some rules about taxes.

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Next up: EY 43: Policyholder income formula

or “Policyholder income formula no longer used since 1 July 2010”
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Part E Timing and quantifying rules
Life insurance rules: Transitional adjustments and annuities

EY 42How policyholder income is calculated (Repealed)

    Notes
    • Section EY 42: repealed, on , by section 190(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).