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INCOME TAX ASSESSMENT ACT 1997 - SECT 315.90

Participating policy holders

  (1)   This section covers an individual who:

  (a)   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 health insurer; and

  (b)   is entitled, under the demutualisation, to an allocation of demutualisation assets.

  (2)   This section also covers an entity who became entitled to an allocation of demutualisation assets because of the death of an individual mentioned in subsection   (1).

Table of sections

315 - 140   Lost policy holders trust

315 - 145   CGT treatment of demutualisation assets in lost policy holders trust

315 - 150   Roll - over where assets transferred to lost policy holder

315 - 155   Trustee assessed if assets dealt with not for benefit of lost policy holder

315 - 160   Subdivision   126 - E does not apply to lost policy holders trust


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