Treasury Laws Amendment (Mutual Reforms) Act 2019 (37 of 2019)
Schedule 2 Mutual capital instruments (MCIs)
Part 2 Consequential amendments of other Acts
Income Tax Assessment Act 1997
22 Subsection 995-1(1)
Insert:
demutualise : a mutual entity (within the meaning of the Corporations Act 2001) that issues one or more MCIs (within the meaning of that Act) is taken not to demutualise by doing so.
Note: MCI is short for mutual capital instrument (see section 167AD of the Corporations Act 2001).
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