Income Tax Assessment Act 1936
SCHEDULE 2H
-
DEMUTUALISATION OF MUTUAL ENTITIES OTHER THAN INSURANCE COMPANIES AND HEALTH INSURERS
Division 326
-
DEMUTUALISATION
The demutualisation shares , in relation to a demutualised entity, are:
(a) the ordinary shares in the entity that are issued as mentioned in paragraphs 326-45(1)(c) and (d); and
(b) the ordinary shares in the holding company that are issued as mentioned in paragraphs 326-50(1)(d) and (e); and
(ba) the ordinary shares in the entity that are issued as mentioned in paragraphs 326-52(1)(c) and (e); and
(bb) the ordinary shares in the holding company that are issued as mentioned in paragraphs 326-52(1)(f) and (g); and
(c) the ordinary shares in the entity that are issued as mentioned in paragraphs 326-55(1)(f) and (g); and
(d) the special shares in the entity that are issued as mentioned in paragraph 326-55(1)(c) .
Subdivision 326-A
-
Application, key concepts and related expressions
SECTION 326-25
326-25
DEMUTUALISATION SHARES
The demutualisation shares , in relation to a demutualised entity, are:
(a) the ordinary shares in the entity that are issued as mentioned in paragraphs 326-45(1)(c) and (d); and
(b) the ordinary shares in the holding company that are issued as mentioned in paragraphs 326-50(1)(d) and (e); and
(ba) the ordinary shares in the entity that are issued as mentioned in paragraphs 326-52(1)(c) and (e); and
(bb) the ordinary shares in the holding company that are issued as mentioned in paragraphs 326-52(1)(f) and (g); and
(c) the ordinary shares in the entity that are issued as mentioned in paragraphs 326-55(1)(f) and (g); and
(d) the special shares in the entity that are issued as mentioned in paragraph 326-55(1)(c) .
This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.