Tax Laws Amendment (2009 Measures No. 4) Act 2009 (88 of 2009)

Schedule 3   Demutualisation of friendly society health or life insurers

Part 2   Related amendments

Income Tax (Transitional Provisions) Act 1997

24   After Part 3-30

Insert:

Part 3-32 - Co-operatives and mutual entities

Division 316 - Demutualisation of friendly society health or life insurers

Table of Subdivisions

316-A Application

Subdivision 316-A - Application

Table of sections

316-1 Application of Division 316 of theIncome Tax Assessment Act 1997

316-1 Application of Division 316 of the Income Tax Assessment Act 1997

Division 316 of theIncome Tax Assessment Act 1997 applies in relation to demutualisations occurring on or after 1 July 2008.