INCOME TAX ASSESSMENT ACT 1997 - SECT 316.50 What this Subdivision is about
INCOME TAX ASSESSMENT ACT 1997 - SECT 316.50
What this Subdivision is aboutDisregard capital gains and losses made by any entity from a CGT event happening under the demutualisation, unless the entity:
(a) is or has been a member of the friendly society or insured through the society or any of its wholly - owned subsidiaries; and
(b) receives money for the event.
Gains and losses of members, insured entities and successors
316 - 55 Disregarding capital gains and losses, except some involving receipt of money
316 - 60 Taking account of some capital gains and losses involving receipt of money
316 - 65 Valuation factor for sections 316 - 60, 316 - 105 and 316 - 165
316 - 70 Value of the friendly society
Friendly society's gains and losses
316 - 75 Disregarding friendly society's capital gains and losses
Other entities' gains and losses
316 - 80 Disregarding other entities' capital gains and losses