Tax Laws Amendment (2009 Measures No. 4) Act 2009 (88 of 2009)

Schedule 3   Demutualisation of friendly society health or life insurers

Part 2   Related amendments

Income Tax Assessment Act 1997

15   At the end of Subdivision 115-A

Add:

115-55 Capital gains involving money received from demutualisation of friendly society health or life insurer

Your*capital gain from a*CGT event isnot a discount capital gain if it is affected by section 316-60 or 316-165.

Note: Those sections affect capital gains involving the receipt of money as a result of the demutualisation of a friendly society health or life insurer.