Document ID: chunk:federal_register_of_legislation:C2025C00014:schedule:2h:p28
Version: federal_register_of_legislation:C2025C00014
Segment Type: schedule
Provision Reference: sch 2H (pt 28/165)
Character Range: 2464814–2467521

by the transferee takes place on or after the demutualisation listing day, Subdivision 326‑D applies to the disposal referred to in paragraph (1)(b) as if that disposal had taken place on or after that day.
 (4) In this section:
disposal includes a disposal that would have occurred except for former section 160X.
roll‑over provision means:
 (a) former section 160X; or
 (b) any provision of Division 17 of Part III; or
 (c) Division 128 of the Income Tax Assessment Act 1997; or
 (d) any provision of Divisions 122 and 126 of Part 3‑3 of the Income Tax Assessment Act 1997.

Subdivision 326‑L—CGT consequences of payment to member of demutualised entity out of accumulated surplus of the entity

Table of sections
326‑225 Payment out of assets of demutualised entity that is not included in assessable income is taken not to be a dividend

326‑225  Payment out of assets of demutualised entity that is not included in assessable income is taken not to be a dividend
  If:
 (a) a payment out of the assets of a demutualised entity is made to a taxpayer who holds shares or an interest in shares in the entity; and
 (b) the amount paid is a dividend that is not included in the taxpayer's assessable income;
the payment is taken, for the purposes of section 104‑135 of the Income Tax Assessment Act 1997, not to be the payment of a dividend.

Subdivision 326‑M—Indexation

Table of sections
326‑230 Indexing of amounts
326‑235 Indexation factor
326‑240 Index number

326‑230  Indexing of amounts
  Some provisions of this Division require amounts to be indexed. An amount is indexed by multiplying it by its indexation factor.

326‑235  Indexation factor
 (1) For the indexation of the amount worked out under subsection 326‑120(2) or 326‑170(6) in relation to a person who acquired membership rights in a demutualising entity by the disposal of membership rights in another mutual entity, the indexation factor is:

 (2) For the indexation of an undeducted amount referred to in subsections 326‑125(1) and (2) or 326‑175(1) and (2) of a cost incurred by a person in acquiring or maintaining membership in a demutualising entity or another entity, the indexation factor is:

 (3) An indexation factor is to be worked out to 3 decimal places (rounding up if the fourth decimal place is 5 or more).

326‑240  Index number
 (1) The index number for a quarter is the All Groups Consumer Price Index number (being the weighted average of the 8 capital cities) first published by the Australian Statistician for the quarter.
 (2) If the Australian Statistician changes the index reference period for an index number, only index numbers published in terms of the new index reference period are to be used after