Notice of Product Ruling 1. This is a notice of a product ruling made under section 91f of the Tax Administration Act 1994. 2. Product ruling No. 97/27 was issued on 26 March 1997. It relates to Norwich Union Life Insurance (NZ) Limited's Income Protection Policy (Indemnity Cover), and the application of sections BD 2, CB 5, and CD 5 of the Income Tax Act 1994, as amended by the Taxation (Core Provisions) Act 1996. 3. Product ruling No. 97/27 is essentially the same as product ruling 95/11 issued on 6 December 1995, except that it takes into account the coming into force of the Taxation (Core Provisions) Act 1996, with effect from the 1997/98 income year. 4. A copy of the ruling may be obtained by writing to the Assistant General Manager (Adjudication & Rulings), National Office, Inland Revenue, P.O. Box 2198, Wellington. JEFFREY TYLER, Assistant General Manager (Adjudication & Rulings).