Income Tax Assessment Act 1997
If the demutualisation creates a trust just to hold shares, rights to acquire shares or money for entities that were members of the friendly society or insured through the society or its subsidiary, or are successors of such entities, then:
|316-155||Lost policy holders trust|
|Effects of CGT events happening to interests and assets in trust|
|316-160||Disregarding beneficiaries ' capital gains and losses, except some involving receipt of money|
|316-165||Taking account of some capital gains and losses involving receipt of money by beneficiaries|
|316-170||Roll-over where shares or rights to acquire shares transferred to beneficiary of lost policy holders trust|
|316-175||Trustee assessed if shares or rights dealt with not for benefit of beneficiary of lost policy holders trust|
|316-180||Subdivision 126-E does not apply|
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