Federal Register of Legislation
Veterans' Entitlements (Attribution of Income) Principles 2025 The Repatriation Commission makes the following instrument. Dated 19 February 2025
The Seal of the Repatriation Commission was affixed to this instrument in the presence of: Alison Frame Mark Brewer AM CSC and Bar President Deputy President
Gwen Cherne Kahlil Fegan DSC AM Commissioner Commissioner
Contents Part 1 Preliminary 1 Name 4 2 Commencement 4 3 Authority 4 3A Repeal 4 4 Definitions 4 4A Purpose 4 Part 2 Determination about excluded income (Act, s 52ZZK) Division 2.1 No double counting—both members of couple are attributable stakeholders of company or trust 6 5 Application of Division 2.1 6 6 Sum of distributions is the same as sum of attributable income 6 7 Sum of distributions is less than sum of attributable income 6 8 Sum of distributions is greater than sum of attributable income 7 Division 2.2 No double counting—one member of couple is not attributable stakeholder 7 9 Distribution made to partner who is not attributable stakeholder 7 Division 2.3 Investor makes genuine transfer and receives distribution or credit 7 10 Application of Division 2.3 7 11 Genuine transfer of capital 7 12 Excluded income 8 Part 3 Determination about excluded income (Act, s 52ZZL) Division 3.1 No double counting of attributed income—general 9 13 No double counting of attributed income—general 9 14 No double counting if ordinary income significantly diminished 9 Division 3.2 Distributions by companies 9 15 No double counting of attributed income—distribution by company to all attributable stakeholders 9 16 No double counting of attributed income—other distributions by a company 10 Division 3.3 Distributions by trusts 11 17 No double counting of attributed income—distribution by trust to all attributable stakeholders 11 18 No double counting of attributed income—other distributions by trust 11 Part 4 Determination of derivation period (Act, s 52ZZP) 19 Derivation period must reflect typical income 12 Part 5 Determination of attribution period (Act, s 52ZZQ) 20 Attribution period must reflect typical circumstances 13
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