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 1936

2   At the end of Subdivision C of Division 9AA of Part III

Add:

121AU This Subdivision does not apply to demutualisation of friendly society health or life insurers

This Subdivision does not apply in relation to the demutualisation of a company in relation to whose demutualisation Division 316 (Demutualisation of friendly society health or life insurers) of theIncome Tax Assessment Act 1997 applies.

Note: Section 316-5 of theIncome Tax Assessment Act 1997 explains which demutualisations of entities Division 316 of that Act applies to.