Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-1 - CAPITAL GAINS AND LOSSES: GENERAL TOPICS  

Division 115 - Discount capital gains and trusts ' net capital gains  

Subdivision 115-A - Discount capital gains  

What are not discount capital gains?

SECTION 115-55  

115-55   Capital gains involving money received from demutualisation of friendly society health or life insurer  

Your * capital gain from a * CGT event is not a discount capital gain if it is affected by section 316-60 or 316-165 .

Note:

Those sections affect capital gains involving the receipt of money as a result of the demutualisation of a friendly society health or life insurer.