Document ID: chunk:federal_register_of_legislation:C2004A00986:clause:10_11
Version: federal_register_of_legislation:C2004A00986
Segment Type: clause
Provision Reference: sch 10 cl 11
Character Range: 68016–68507

11  At the end of section 326‑190 of Schedule 2H
Add:

 (2) If, under the combined direct and holding company method of demutualisation, shares in a demutualised entity or in a holding company are issued to an existing member, neither Part IIIA of this Act nor Parts 3‑1 and 3‑3 of the Income Tax Assessment Act 1997 apply in respect of any disposal of, or any CGT event constituted by the extinguishment of, as the case may be, the member's rights to have the shares issued to the member.