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EY 42: How policyholder income is calculated
or “This section about calculating policyholder income is no longer in use”
You could also call this:

“Policyholder income formula no longer used since 1 July 2010”

The ‘Policyholder income formula’ rule has been removed from the law. This means you no longer need to use this formula when calculating policyholder income. This change happened on 1 July 2010. If you need to know more about policyholder income, you might want to look at other parts of the Income Tax Act 2007 that are still in effect.

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Next up: EY 43B: Policyholder income formula: FDR adjustment

or “Outdated rule about policyholder income and FDR adjustments no longer applies”
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Part E Timing and quantifying rules
Life insurance rules: Transitional adjustments and annuities

EY 43Policyholder income formula (Repealed)

    Notes
    • Section EY 43: repealed, on , by section 190(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).