INCOME TAX ASSESSMENT ACT 1936

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

Division 326 - DEMUTUALISATION  

Subdivision 326-A - Application, key concepts and related expressions  

SECTION 326-25   326-25   DEMUTUALISATION SHARES  
The demutualisation shares , in relation to a demutualised entity, are:


(a) the ordinary shares in the entity that are issued as mentioned in paragraphs 326-45(1)(c) and (d); and


(b) the ordinary shares in the holding company that are issued as mentioned in paragraphs 326-50(1)(d) and (e); and


(ba) the ordinary shares in the entity that are issued as mentioned in paragraphs 326-52(1)(c) and (e); and


(bb) the ordinary shares in the holding company that are issued as mentioned in paragraphs 326-52(1)(f) and (g); and


(c) the ordinary shares in the entity that are issued as mentioned in paragraphs 326-55(1)(f) and (g); and


(d) the special shares in the entity that are issued as mentioned in paragraph 326-55(1)(c) .


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