INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

SCHEDULE 2H - DEMUTUALISATION OF MUTUAL ENTITIES OTHER THAN INSURANCE COMPANIES  

SECTION 326-70   APPLICATION OF SUBDIVISION  

326-70(1)    

(b) other shares ( non-demutualisation bonus shares ) in the same company, or an interest in such shares, where:

(i) the shares are bonus shares mentioned in Division 8 of Part IIIA and any of the demutualisation shares (whether or not disposed of at the time) are the original shares mentioned in that Division; or

(ii) the shares are bonus equities mentioned in Subdivision 130-A of the Income Tax Assessment Act 1997 and any of the demutualisation shares (whether or not disposed of at the time) are the original equities mentioned in that Subdivision.