Income Tax Assessment Act 1936

SCHEDULE 2H - DEMUTUALISATION OF MUTUAL ENTITIES OTHER THAN INSURANCE COMPANIES AND HEALTH INSURERS  

Division 326 - DEMUTUALISATION  

Subdivision 326-N - Non-CGT consequences of issue of demutualisation shares  

SECTION 326-245  

326-245   GENERAL TAXATION CONSEQUENCES OF ISSUE OF DEMUTUALISATION SHARES  
If any demutualisation shares are issued to a taxpayer under any method of demutualisation, no amount is to be included in the taxpayer ' s assessable income because of the issue of the shares to the taxpayer.