Income Tax Assessment Act 1997
CHAPTER 3
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SPECIALIST LIABILITY RULES
PART 3-32
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CO-OPERATIVES AND MUTUAL ENTITIES
Division 316
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Demutualisation of friendly society health or life insurers
Subdivision 316-B
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Capital gains and losses connected with the demutualisation
Guide to Subdivision 316-B
SECTION 316-50
What this Subdivision is about
(a) is or has been a member of the friendly society or insured through the society or any of its wholly-owned subsidiaries; and
(b) receives money for the event.
View history note
Hide history noteDisregard capital gains and losses made by any entity from a CGT event happening under the demutualisation, unless the entity:
| Gains and losses of members, insured entities and successors | |
| 316-55 | Disregarding capital gains and losses, except some involving receipt of money |
| 316-60 | Taking account of some capital gains and losses involving receipt of money |
| 316-65 | Valuation factor for sections 316-60, 316-105 and 316-165 |
| 316-70 | Value of the friendly society |
| Friendly society ' s gains and losses | |
| 316-75 | Disregarding friendly society ' s capital gains and losses |
| Other entities ' gains and losses | |
| 316-80 | Disregarding other entities ' capital gains and losses |
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