Document ID: chunk:federal_register_of_legislation:C2025C00014:schedule:2h:p1
Version: federal_register_of_legislation:C2025C00014
Segment Type: schedule
Provision Reference: sch 2H (pt 1/3)
Character Range: 2147139–2150763

Schedule 2H—Demutualisation of mutual entities other than insurance companies and health insurers
Division 326—Demutualisation
Guide to Division 326
326‑1.....................What this Division is about
Subdivision 326‑A—Application, key concepts and related expressions
326‑5..............................Application
326‑10................Mutual entity and demutualisation
326‑15.......Provisions relating to listing on a stock exchange
326‑20.................Demutualisation resolutions etc.
326‑25.......................Demutualisation shares
326‑30...............Existing members and new members
326‑35Pre‑CGT members and post‑CGT members
Subdivision 326‑B—How demutualisation is to be effected
326‑40....................Methods of demutualisation
326‑45............................Direct method
326‑50.....................Holding company method
326‑52.........Combined direct and holding company method
326‑55......................Distributing trust method
326‑60...............Continuity of beneficial interest test
Subdivision 326‑C—CGT consequences of extinguishment of membership rights in mutual entity
326‑65..............Extinguishment of membership rights
              Subdivision 326‑D—CGT consequences of disposal of demutualisation shares or an interest in such shares by a member of a mutual entity where the entity or a holding company of the entity becomes a listed public company
326‑70.....................Application of Subdivision
326‑75.Capital losses made from certain disposals to be disregarded
326‑80Disposal by pre‑CGT member of a demutualisation share (other than a demutualisation original 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
326‑85Disposal by pre‑CGT member of a demutualisation share (other than a demutualisation original share) or an interest in such a share on or after demutualisation listing day where member did not acquire membership rights by disposing of membership rights in another mutual entity
326‑90Disposal by pre‑CGT member of a demutualisation share (other than a demutualisation original share) or an interest in such a share where member acquired membership rights by disposing of membership rights in another mutual entity
326‑95Disposal by post‑CGT member of a demutualisation share (other than a demutualisation original share) or an interest in such a share
326‑100Disposal 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
326‑105Disposal by pre‑CGT member of a demutualisation original share or a non‑demutualisation bonus share, or an interest in such a share, on or after demutualisation listing day where member did not acquire membership rights by disposing of membership rights in another mutual entity
326‑110Disposal by pre‑CGT member of a demutualisation original share or a non‑demutualisation bonus share, or an interest in such a share, where member acquired membership rights by disposing of membership rights in another mutual entity
326‑115Disposal by post‑CGT member of a demutualisation original share or a non‑demutualisation bonus share or an interest in such a share
326‑120......................Adjusted market value
326‑125..................Undeducted membership costs
326‑130..Adjusted first day trading price of demutualisation shares
Subdivision 326‑E—CGT consequences of disposal of