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.

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