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Demutualisation of Health Insurers and Capital Gains Tax

Date:

Wednesday, 12 March 2008

Content ID:

1357

Abstract:

On 26 February 2008, the Assistant Treasurer and Minister for Competition Policy and Consumer Affairs announced that the Government will provide capital gains (CGT) relief for policyholders of health insurers who receive shares when their health insurer demutualises. The Assistant Treasurer also indicated that the Government would undertake consultation on the design and implementation of the amendments and that a discussion paper would be released.

This discussion paper forms the basis for consultation on this proposal and sets out, in broad terms, the way it may be implemented. The purpose of this discussion paper is to provide interested parties with an opportunity to comment on the policy design of the proposal.

Interested parties are invited to comment on the issues set out in the discussion paper. While submissions may be lodged electronically, by post or by facsimile, electronic lodgement is preferred.

The closing date for submissions is 27 March 2008.

Written submissions should be addressed to:

The General Manager
Business Tax Division
The Treasury
Langton Crescent
PARKES ACT 2600

Fax: (02) 6263 4466

Email: cgt_demutualisation@treasury.gov.au

Submissions will be made available to the public on the Treasury website unless you indicate that you would like your submission to remain confidential.

Documents Available:


Acrobat (PDF) documents

 Acrobat (PDF)

Demutualisation of Health Insurers and Capital Gains Tax - Discussion Paper  30.01kb

Microsoft Word (RTF) documents

 Microsoft Word (RTF)

Demutualisation of Health Insurers and Capital Gains Tax - Discussion Paper  106.77kb

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