Income Tax Assessment Act 1936

PART III - LIABILITY TO TAXATION  

Division 9AA - Demutualisation of insurance companies and affiliates  

Subdivision C - Tax consequences of demutualisation  

SECTION 121AU   121AU   THIS SUBDIVISION DOES NOT APPLY TO DEMUTUALISATION OF FRIENDLY SOCIETY HEALTH OR LIFE INSURERS  

This Subdivision does not apply in relation to the demutualisation of a company in relation to whose demutualisation Division 316 (Demutualisation of friendly society health or life insurers) of the Income Tax Assessment Act 1997 applies.

Note:

Section 316-5 of the Income Tax Assessment Act 1997 explains which demutualisations of entities Division 316 of that Act applies to.