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

Introduction

This chapter contains information on the attribution to individuals of the assets and income of private trusts and private companies from 1 January 2002. It provides detailed information on the attribution process and describes issues around deprivation of income and assets, the treatment of income from different sources and the treatment of various types of assets.

 

This chapter also contains information on the treatment of primary production assets that are held in private trusts and private companies and information on concessional primary production trusts.

 

In this chapter

This chapter contains the following sections:

4.12.1 Attribution Guidelines for Private Trusts & Private Companies from 01/01/2002

4.12.2 Attributable Stakeholders & Attribution Percentages

4.12.3 Other Trust Matters from 01/01/2002

4.12.4 Assessing the Assets of Controlled Private Trusts & Controlled Private Companies

4.12.5 Liabilities of a Controlled Private Trust & Controlled Private Company

4.12.6 Assessment of Capital Injections to Controlled Private Trusts & Controlled Private Companies

4.12.7 Assessing Income & Distributions of Controlled Private Trusts & Controlled Private Companies

4.12.8 Reassessments & Overpayments of a Controlled Private Trust & a Controlled Private Company

4.12.9 Resignations from a Controlled Private Trust or Controlled Private Company

4.12.10 Deprivation Provisions for Controlled Private Trusts & Controlled Private Companies

4.12.11 Primary Production Controlled Private Trusts & Controlled Private Companies

4.12.12 Additional Privacy Guidelines for Private Trusts & Private Companies

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Last reviewed: 20 September 2012