Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES

PART 3-32 - CO-OPERATIVES AND MUTUAL ENTITIES

View history reference

Division 316 - Demutualisation of friendly society health or life insurers

Subdivision 316-C - Cost base of shares and rights issued under the demutualisation

Guide to Subdivision 316-C

SECTION 316-100 What this Subdivision is about

The value of the friendly society and its business affects cost bases of shares and certain rights issued under the demutualisation to:

(a) entities that are or were members of the friendly society; or

(b) entities insured through the society or its subsidiaries; or

(d) the trustee of the lost policy holders trust.

TABLE OF SECTIONS

**TABLE OF SECTIONS**
316-105	Cost base and time of acquisition of shares and certain rights issued under demutualisation
316-110	Demutualisation assets
316-115	Entities to which section 316-105 applies