Income Tax Assessment Act 1936
SCHEDULE 2H
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DEMUTUALISATION OF MUTUAL ENTITIES OTHER THAN INSURANCE COMPANIES AND HEALTH INSURERS
Division 326
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DEMUTUALISATION
If:
(a) under the distributing trust method of demutualisation, shares in a demutualised entity are issued to a trustee on behalf of a member; and
(b) the trustee disposes of a share or an interest in a share, or disposes of a non-demutualisation bonus share or an interest in such a share, on behalf of the member;
Subdivision 326-I
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CGT consequences of disposal of demutualisation shares or an interest in such shares by a trustee on behalf of a member
SECTION 326-210
326-210
DISPOSAL BY A TRUSTEE
If:
(a) under the distributing trust method of demutualisation, shares in a demutualised entity are issued to a trustee on behalf of a member; and
(b) the trustee disposes of a share or an interest in a share, or disposes of a non-demutualisation bonus share or an interest in such a share, on behalf of the member;
the disposal is taken for the purposes of Subdivisions 326-D , 326-E and 326-F to have been a disposal of the share or interest by the member.
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