INCOME TAX ASSESSMENT ACT 1997 - SECT 315.25 Demutualising health insurers to disregard capital gains and losses related to demutualisation
INCOME TAX ASSESSMENT ACT 1997 - SECT 315.25
Demutualising health insurers to disregard capital gains and losses related to demutualisationDisregard a * capital gain or * capital loss of an entity from a * CGT event if:
(a) the CGT event happened under a demutualisation to which this Division applies; and
(b) the entity is the demutualising health insurer.