Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 316.115

Entities to which section 316 - 105 applies

  (1)   This section covers an entity that:

  (a)   either:

  (i)   is or has been a * member of the * friendly society; or

  (ii)   is or has been insured through the friendly society or a health/life insurance subsidiary of the friendly society; and

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

  (2)   This section also covers an entity that has become entitled to an allocation of demutualisation assets because of the death of an individual who was an entity described in subsection   (1).

  (3)   This section also covers the trustee of a lost policy holders trust (see section   316 - 155).


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