Income Tax Assessment Act 1997
CHAPTER 3
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SPECIALIST LIABILITY RULES
PART 3-32
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CO-OPERATIVES AND MUTUAL ENTITIES
These *CGT assets are covered:
(a) an interest in the demutualising health insurer as a policy holder;
(b) a membership interest in the demutualising health insurer;
(c) a right or interest of another kind in the demutualising health insurer;
(d) a right or interest of another kind that arises under the demutualisation.
Division 315
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Demutualisation of private health insurers
Subdivision 315-A
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Capital gains and losses connected with a demutualisation of a private health insurer to be disregarded
Rules for policy holders
SECTION 315-20
315-20
What assets are covered
These *CGT assets are covered:
(a) an interest in the demutualising health insurer as a policy holder;
(b) a membership interest in the demutualising health insurer;
(c) a right or interest of another kind in the demutualising health insurer;
(d) a right or interest of another kind that arises under the demutualisation.
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