Demutualisation of AHM and Tax Implications

Labels: Tax returns

The demutualisation of AHM occured as a result of a merger with Medibank Private Ltd on 14 January 2009

If you were an eligible participating AHM member you were entitled to payment for the cancellation of your membership interest in AHM. Payment was made in stages. You would have received one or both of the following:

an initial entitlement during the period 16 January 2009 to 29 January 2009
a residual entitlement after the review process was completed in July 2009.

The ATO has ruled that both of these payments are NON-taxable

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