The Guides to Social Policy Law is a collection of publications designed to assist decision makers administering social policy law. The information contained in this publication is intended only as a guide to relevant legislation/policy. The information is accurate as at the date listed at the bottom of the page, but may be subject to change. To discuss individual circumstances please contact Services Australia.

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.

Last reviewed: 9 November 2015