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.

4.12.4.20 Excluded Assets of Controlled Private Trusts & Controlled Private Companies

Date of effect

This topic has effect to controlled private trusts and controlled private companies from 1 January 2002.

Where an individual (non-controller) makes a genuine capital injection into a private company or unit trust and in return receives shares or units that are commensurate in value with the genuine capital injection, the value of the genuine capital injection is treated as an excluded asset and not attributed to the controller/s of the equity.

Act reference: SSAct section 1208E(2) Excluded assets

Last reviewed: 9 November 2015

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