Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-32 - CO-OPERATIVES AND MUTUAL ENTITIES  

Division 315 - Demutualisation of private health insurers  

Subdivision 315-B - Cost base of certain shares and rights in private health insurers  

SECTION 315-90   Participating policy holders  

315-90(1)    
This section covers an individual who:

(a) 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 health insurer; and

(b) is entitled, under the demutualisation, to an allocation of demutualisation assets.

315-90(2)    
This section also covers an entity who became entitled to an allocation of demutualisation assets because of the death of an individual mentioned in subsection (1).