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 social security payments. 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.

4.12.11 Primary Production Controlled Private Trusts & Controlled Private Companies

Introduction

This section contains information on the assessment and treatment of the assets (1.1.A.290) and income from primary production private trusts and private companies from 1 January 2002.

It also contains information on the concession available to attributable stakeholders of primary production trusts who wish to retire from the primary production business (trust) while retaining a right of veto in order to prevent the sale or break-up of the primary production assets.

Note: For the general means test treatment of primary production also see 4.7.4.

Act reference: SSAct section 8(1)-'income', section 11(1)-'primary production'

Last reviewed: