INCOME TAX ASSESSMENT ACT 1936 - SECT 121AEA Replacement of policyholders by persons exercising certain rights
INCOME TAX ASSESSMENT ACT 1936 - SECT 121AEA
Replacement of policyholders by persons exercising certain rightsIf, as a result of the exercise of any power under the articles of association
of an insurance company, persons are entitled to exercise rights in place of
policyholders, then, to the extent that the Commissioner considers it
appropriate, the persons are treated for the purposes of this Division
as replacing the policyholders.