Document ID: chunk:federal_register_of_legislation:C2025C00014:schedule:2h:p16
Version: federal_register_of_legislation:C2025C00014
Segment Type: schedule
Provision Reference: sch 2H (pt 16/165)
Character Range: 2435464–2438206

income of any year of income.
 (3) If at any time 2 or more persons were joint members of a mutual entity, any costs incurred by any one or more of them in acquiring or maintaining the joint membership are taken to have been incurred by each of them.
 (4) Subject to subsection (5), the undeducted amount of a cost is the amount of the cost to the extent to which a deduction has not been allowed, and is not allowable, in respect of it.
 (5) If:
 (a) an amount of a cost referred to in subsection (1) or (2) was incurred before the demutualisation resolution day; and
 (b) the indexation factor (see section 326‑235) of the amount is more than one;
a reference in this section to the undeducted amount of that cost is a reference to the undeducted amount as indexed under Subdivision 326‑M.

326‑130  Adjusted first day trading price of demutualisation shares
 (1) For the purposes of this Subdivision, the adjusted first day trading price of demutualisation shares is the amount worked out using the formula:

 (2) In this section:
first day trading price of demutualisation shares means the price per share, as published by ASX Limited, at which the demutualisation shares were last traded, on the stock market operated by ASX Limited, on the demutualisation listing day.
value of franking surplus means the value, as determined by a qualified valuer, of the franking surplus of the demutualised entity on the demutualisation listing day.

Subdivision 326‑E—CGT consequences of disposal of demutualisation shares or interests in such shares by a member of a mutual entity where the entity or a holding company of the entity becomes a company that is not a listed public company

Table of sections
326‑135 Application of Subdivision
326‑140 Disposal by pre‑CGT member of a demutualisation share (other than a demutualisation original share) or an interest in such a share where a member did not acquire membership rights by disposing of membership rights in another mutual entity
326‑145 Disposal 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
326‑150 Disposal by post‑CGT member of a demutualisation share (other than a demutualisation original share) or an interest in such a share
326‑155 Disposal by pre‑CGT member of a demutualisation original share or a non‑demutualisation bonus share, or an interest in such a share, where member did not acquire membership rights by disposing of membership rights in another mutual entity
326‑160 Disposal by pre‑CGT member of a demutualisation original share or a non‑demutualisation bonus share, or an interest in such a