Document ID: chunk:federal_register_of_legislation:C2025C00014:schedule:2h:p11
Version: federal_register_of_legislation:C2025C00014
Segment Type: schedule
Provision Reference: sch 2H (pt 11/165)
Character Range: 2423035–2425736

of membership rights in another mutual entity; and
 (c) the disposer is a pre‑CGT member;
then, for the purpose of working out whether the disposer made a capital gain or capital loss from the disposal, the disposer is taken to have done the following:
 (d) to have paid for the acquisition of the share or interest both of the following amounts:
 (i) the amount worked out by using the formula:

 (ii) any amount actually paid for the acquisition;
 (e) to have paid the amount referred to in subparagraph (d)(i) on the demutualisation resolution day;
 (f) to have paid any amount referred to in subparagraph (d)(ii) when it was actually paid;
 (g) to have acquired the share or interest on the demutualisation resolution day.
 (2) In the formula in subparagraph (1)(d)(i):
number of disposer's shares means the number of demutualisation shares issued to the disposer or in which the disposer had an interest.
number of members means the total number of members of the other mutual entity at the time of the disposal of the membership rights in that entity.

326‑95  Disposal by post‑CGT member of a demutualisation share (other than a demutualisation original share) or an interest in such a share
 (1) If:
 (a) the disposal is a disposal of a demutualisation share (other than a demutualisation original share) or an interest in such a share; and
 (b) the disposer is a post‑CGT member;
then, for the purpose of working out whether the disposer made a capital gain or capital loss from the disposal, the disposer is taken to have done the following:
 (c) to have paid for the acquisition of the share or interest both of the following amounts:
 (i) the amount worked out by using the formula:

 (ii) any amount actually paid for the acquisition;
 (d) to have paid the amount referred to in subparagraph (c)(i) on the demutualisation resolution day;
 (e) to have paid any amount referred to in subparagraph (c)(ii) when it was actually paid;
 (f) to have acquired the share or interest on the demutualisation resolution day.
 (2) In the formula in subparagraph (1)(c)(i):

number of disposer's shares means the number of demutualisation shares issued to the disposer or in which the disposer had an interest.

326‑100  Disposal by pre‑CGT member of a demutualisation original share or a non‑demutualisation bonus share, or an interest in such a share, before demutualisation listing day where member did not acquire membership rights by disposing of membership rights in another mutual entity
 (1) If:
 (a) the disposal is a disposal of either:
 (i) a demutualisation original share or an interest in such a share; or
 (ii) a non‑demutualisation bonus share or an interest in such a share; and
 (b)