Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-32 - CO-OPERATIVES AND MUTUAL ENTITIES  

Division 316 - Demutualisation of friendly society health or life insurers  

Subdivision 316-B - Capital gains and losses connected with the demutualisation  

Friendly society ' s gains and losses

SECTION 316-75  

316-75   Disregarding friendly society ' s capital gains and losses  

Disregard the * friendly society ' s * capital gain or * capital loss from a * CGT event that happens under the demutualisation.