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Assessing attribution income 043-04050010

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Policy

Social Security Guide 4.12 Means Test Treatment of Private Trusts & Private Companies from 01/01/2002

Social Security Guide 4.12.7.20 Allowable & Non-allowable Deductions

Social Security Guide 4.12.7 Assessing Income & Distributions of Controlled Private Trusts & Controlled Private Companies

Social Security Guide, 4.12.5 Liabilities of a Controlled Private Trust & Controlled Private Company

Social Security Guide 4.12.2.10 Attribution Percentages

Social Security Guide 4.12.2.20 Derivation & Attribution Periods

Legislation

Links to the Federal Register of Legislation site go to an 'All versions' page. Select the 'Latest' version.

For a simplified outline of Means Test treatment of private companies and private trusts, see Social Security Act 1991, section 1207, Simplified outline

Social Security Act 1991

  • section 1207A, Definitions
  • section 1207N, Designated private companies
  • section 1207P, Designated private trusts
  • section 1207Y, Attribution of income
  • section 1208E, Attribution of assets
  • section 1208B, Permissible reductions of business and investment income
  • section 1073, Certain amounts taken to be received over 12 months

Income Tax Assessment Act 1936

  • section 51, Deductions
  • section 54(1), Depreciation

Income Tax Assessment Act 1997