Social Security (Primary Production Concession) Principles 2017

a determination under paragraph 1208U (1) (f) of the Act that that paragraph applies to an individual and a trust that is a controlled private trust in relation to the individual;

a determination under subsection 1208W (2) of the Act that the value of a specified asset owned by a company or a trust is to be reduced by the whole or a specified part of a specified liability;

a determination under subsection 1208Y (2) of the Act that, for the purposes of Division 11 of Part 3.18 of the Act, an asset that is owned by a company that is a controlled private company in relation to an individual, or a trust that is a controlled private trust in relation to an individual, is taken not to be controlled by the individual;

a determination under subparagraph 1208Z (2) (a) (ii) or (b) (ii) of the Act that a specified percentage, lower than 100%, is the adjusted net value of an asset controlled by an individual;

a determination under subparagraph 1209 (1) (b) (ii) of the Act that, for a particular tax year, a specified percentage, lower than 100%, of the net income of a primary production enterprise carried on by a company that was a controlled private company in relation to an individual throughout that tax year is to apply in relation to the individual and the enterprise for that tax year;

a determination under subparagraph 1209 (1) (c) (ii) of the Act that, for a particular tax year, a specified percentage, lower than 100%, of the net income of a primary production enterprise carried on by a trust that was a controlled private trust in relation to an individual throughout that tax year is to apply in relation to the individual and the enterprise for that tax year.