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.
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