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
5 Section 11-55 (before table item headed "demutualisation of private health insurers")
Insert:
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demutualisation of friendly society health or life insurers |
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amounts related to issue, or transfer from lost policy holders trust, of demutualisation assets |
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payments received directly, or from lost policy holders trust, in exchange for cancellation or variation of interests under the demutualisation |
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