Document ID: chunk:federal_register_of_legislation:C2025C00014:section:121at:p3
Version: federal_register_of_legislation:C2025C00014
Segment Type: section
Provision Reference: s 121AT (pt 3/5)
Character Range: 1102532–1112460

respect of the disposal; or
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       (b) the amount of any deduction allowable (where modification 1 does not apply) from the disposer's assessable income in respect of the acquisition of the share or interest.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    3. If the disposal is of either:
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       (a) a demutualisation original share, or interest in such a share; or
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       (b) a non‑demutualisation bonus share, or an interest in such a share;
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    then paragraphs 3(c) and (d) of the modifications column for item 6 in Table 1 apply for the purpose of working out:
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       (c) the amount of any profit included in, or loss (where modification 1 does not apply) allowable as a deduction from, the disposer's assessable income in respect of the disposal; or
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       (d) the amount of any deduction allowable (where modification 1 does not apply) from the disposer's assessable income in respect of the acquisition of the share or interest.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     In applying paragraph 3(c) of the modifications column for item 6 in Table 1, the reference to section 130‑20 (about bonus shares) of the Income Tax Assessment Act 1997 is taken instead to be a reference to section 6BA.
   5 Event that would be described in item 7 of Table 1 if the references in that item to bonus shares and original shares mentioned in section 130‑20 (about bonus shares) of the Income Tax Assessment Act 1997 were instead references to bonus shares and original shares mentioned in section 6BA.                                                                                                                                                                                                                                          The same modifications as for item 3 of this table apply.
   6 Event described in item 8 of Table 1.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       No amount is included in, or allowable as a deduction from, assessable income in respect of the change in the rights.

   7 Event that would be described in item 9 of Table 1 if the references in that item to bonus shares and original shares mentioned in section 130‑20 (about bonus shares) of the Income Tax Assessment Act 1997 were instead references to bonus shares and original shares mentioned in section 6BA.                                                                                                                                                                                                                                             1. The person in the policyholder/member group, instead of the trustee is taken:
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       (a) to have sold the demutualisation share or non‑demutualisation bonus share; and
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       (b) to have paid, given and received any consideration that was paid, given or received by the trustee in respect of either share; and
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       (c) to have done any other act in relation to either share that was done by the trustee.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    2. The modifications in item 3 of this table apply to the sale of the demutualisation share or non‑demutualisation bonus share in the same way as they do to the disposal of such shares covered by that item.
   8 Event that would be described in item 11 of Table 1 if the references in that item