Document ID: chunk:federal_register_of_legislation:F2025L00273:reg:12
Version: federal_register_of_legislation:F2025L00273
Segment Type: reg
Provision Reference: reg 12
Character Range: 4304–5249

12  Disposal to individual by company or trust

        1.     This section applies if:

           1.     a company pays a dividend to an individual who is an attributable stakeholder of the company; and
           2.     the asset disposal provisions apply, and are taken to have applied, as if the individual had disposed of an asset of the individual.

        1.     This section also applies if:

           1.     a trust makes a distribution to an individual who is an attributable stakeholder of the trust; and
           2.     the asset disposal provisions apply, and are taken to have applied, as if the individual had disposed of an asset of the individual.

        1.     The Commission must consider whether the amount of the dividend or the value of the distribution is reasonable, having regard to the individual's asset attribution percentage, in relation to the company or trust, before and after the disposal of the asset.