INCOME TAX ASSESSMENT ACT 1997 - SECT 315.5 Policy holders to disregard capital gains and losses related to demutualisation of private health insurer

INCOME TAX ASSESSMENT ACT 1997 - SECT 315.5

    Disregard a * capital gain or * capital loss of an individual from a * CGT event that happens in relation to a * CGT asset if:

  (a)   the CGT event happens under a demutualisation to which this Division applies; and

  (b)   the individual is, or has been, a policy holder (within the meaning of the Private Health Insurance (Prudential Supervision) Act 2015 ) of, or another person insured through, the demutualising entity (the demutualising health insurer ); and

  (c)   the CGT asset is covered by section   315 - 20.