Is the individual an attributable stakeholder?
13 Is the individual an attributable stakeholder?
The Secretary must consider whether it is likely that the individual would be considered to be an attributable stakeholder of the company or trust that owns the asset.
If the asset is owned by a trust that is a concessional primary production trust in relation to the individual, the Secretary must consider whether it is likely that, but for the fact that the trust is a concessional primary production trust in relation to the individual, the individual would be considered to be an attributable stakeholder of the trust.
If the Secretary considers that it is likely that the individual would be considered to be an attributable stakeholder of the company or trust that owns the asset, the Secretary must consider the percentage that would be likely to be the individual’s asset attribution percentage in relation to the company or trust.
In considering the matters mentioned in subsections (1) and (2), the Secretary must have regard to the decision-making principles set out in Part 2 of the Social Security (Attributable Stakeholders and Attribution Percentages) Principles 2017.
In considering the matter mentioned in subsection (3), the Secretary must have regard to the decision-making principles set out in Part 3 of the Social Security (Attributable Stakeholders and Attribution Percentages) Principles 2017.
Part 6 Determination of percentage of net income of primary production enterprise for tax year
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