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
10 Section 109-60 (after table item 14)
Insert:
|
14A |
You are issued with a share, or a right to acquire shares, under a demutualisation of a friendly society health or life insurer |
the time the share or right is issued |
section 316-105 |
|
14B |
You are transferred a share, or right to acquire shares, by a lost policy holders trust under a demutualisation of a friendly society health or life insurer |
the time the share or right is issued to the trustee |
section 316-170 |