Income Tax Assessment Act 1936
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326-65(1)
This section applies where membership rights are extinguished as mentioned in paragraph 326-45(1)(a) , 326-50(1)(a) , 326-52(1)(a) or 326-55(1)(a) .
Modification
326-65(2)
A capital gain or capital loss arising from the extinguishment of the membership rights of a member is to be disregarded.
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