Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 315.5

Policy holders to disregard capital gains and losses related to demutualisation of private health insurer

                   Disregard a * capital gain or * capital loss of an individual from a * CGT event that happens in relation to a * CGT asset if:

                     (a)  the CGT event happens under a demutualisation to which this Division applies; and

                     (b)  the individual is, or has been, a policy holder (within the meaning of the Private Health Insurance (Prudential Supervision) Act 2015 ) of, or another person insured through, the demutualising entity (the demutualising health insurer ); and

                     (c)  the CGT asset is covered by section 315-20.



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