INCOME TAX ASSESSMENT ACT 1936

SCHEDULE 2H - DEMUTUALISATION OF MUTUAL ENTITIES OTHER THAN INSURANCE COMPANIES AND HEALTH INSURERS  

Division 326 - DEMUTUALISATION  

Subdivision 326-I - 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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